GAFRB practice question 12 of 25
A state grant will reimburse a city for 40% of the architectural, construction and project management costs to build an annex to a city building. A…
Choose your answer, then check it against the explanation.
A state grant will reimburse a city for 40% of the architectural, construction and project management
costs to build an annex to a city building. A city employee, who is paid salary and benefits of 510,000
a month, works half-time on the project for six months.
The city reports the following project budgeted and actual costs:
Purpose
Budget
Actual
Architectural fees
$
100.000
$
90,000
Construction costs
$10,500,000
$10,000,000
Based upon the above information, what is the amount of allowable costs that the state will
reimburse the city on the grant?
Question 12 of 25
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