ATTACHMENT 1
Estimated Research Corporation Expenses for Years 1 - 5
Description	Year 1	Year 2	Year 3	Year 4**	Year 5**
Salaries:
Executive Director	N/C* (.15 EFT)	N/C* (.25 EFT)	N/C* (.35 EFT)	37,500 (.50 EFT)	75,000 (1.0 EFT)
Admin Assistant	N/C* (.10 EFT)	N/C* (.20 EFT)	N/C* (.30 EFT)	N/C* (.40 EFT)	40,000 (1.0 EFT)
Services Coordinator & Financial Manager	55,000 (1.0 EFT)	55,000 (1.0 EFT)	55,000 (1.0 EFT)	55,000 (1.0 EFT)	55,000 (1.0 EFT)
Incubator Manager & Outreach Director	0	0	30,000 (.50 EFT)	60,000 (1.0 EFT)	60,000 (1.0 EFT)
Subtotal	55,000	55,000	85,000	152,500	230,000
F/B at 38%	20,900	20,900	32,300	57,950	87,400
Total Personnel	$75,900	$75,900	$117,300	$210,450	$317,400
Contract Services:
Audit	2,500	3,000	3,500	4,000	5,000
Risk Management	25,000	30,000	35,000	40,000	45,000
Legal	5,000	5,000	5,000	5,000	5,000
Total Contract Services	$32,500	$38,000	$43,500	$49,000	$55,000
Expenses:
Equipment & Furnishings	2,500	1,500	500	500	500
Computers	2,500	2,000	1,500	1,500	1,500
Stationery	500	100	100	100	100
Supplies	500	100	100	100	100
Postage	100	150	200	225	250
Memberships	1,500	2,000	2,500	2,500	2,500
Board of Directors	4,000	4,500	5,000	5,000	5,000
Training	500	500	500	500	500
Travel	2,500	2,500	2,500	2,500	2,500
Promotional	500	500	500	500	500
Miscellaneous	5,000	4,000	3,000	2,000	1,000
Total Expenses	$20,100	$17,850	$16,400	$15,425	$14,450
GRAND TOTAL	$128,500	$131,750	$177,200	$274,875**	$386,859**
* Activation and ramp-up staffing for the Executive Director and Administrative Assistant will be
provided at no cost to URIRC by agreement with URI.
** The operating costs to establish the business incubator will be provided by community economic
sources or by private donations. Business operations funding will be provided by the Research
Corporation.