4. Distribution of funds
Distribution of funds
20% Indirect Costs
80% Direct Costs
| % | Direct costs | % | Indirect costs |
|---|---|---|---|
| 35.9% | Capital and betterment New construction and recapitalization, or work completed to improve asset. |
10.4% | Operational salaries Salaries for Housing Services Centre personnel. |
| 21% | Lifecycle and maintenance Activities that maintain the useful life of the asset or its components (e.g. roof replacement, siding replacement, furnace replacement). |
6.9% | Corporate salaries Salaries for Head Office personnel. |
| 8.9% | Repairs Activities that address breakages of the asset, response to failures, or unforseen events (e.g. concrete repairs, electrical repairs, plumbing repairs, heating, ventilation and air conditioning repairs). |
2.1% | Corporate overhead Lease and utilities, supplies, training, professional services, travel for Head Office employees, market studies, and strategic site plans. |
| 13.9% | Housing operations Activities directly attributable to regular/ periodic upkeep of the housing units (e.g. snow removal, grass cutting, and general maintenance between occupancy) and management of vacant units. |
0.6% | Housing Services Centre overhead Recurring activities required in running site offices (e.g. office lease and utilities, supplies, training, and travel for Housing Services Centre employees). |
| 0.3% | Demolition Activities related to the disposal of housing asset that are non-capital. |