11.0 Budget The project budget is summarized below: STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Capital Requirements Design Build Implementation Infrastructure Master Project Plan Car System Page 9 of 14 Project Management STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Operating Project Management Travel Training Sustainment STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Maintenance 20% 15% 10% 10% Amortization** Licensing Fees*** *Maintenance is typically calculated as 20% in year one, 15% in year two, 10% in year three and 10% subsequent years of the development cost. **Capital is amortized over five years once the system has been implemented (amortization is paid in 60 equal monthly payments). *** Licensing fees will cover expenses such as annual license or maintenance fees. 11.0 Budget The project budget is summarized below: STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Capital Requirements Design Build Implementation Infrastructure Master Project Plan Car System Page 9 of 14 Project Management STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Operating Project Management Travel Training Sustainment STOB FY 13/14 FY 14/15 FY 15/16 FY 16/17 FY 17/18 Total Maintenance 20% 15% 10% 10% Amortization** Licensing Fees*** *Maintenance is typically calculated as 20% in year one, 15% in year two, 10% in year three and 10% subsequent years of the development cost. **Capital is amortized over five years once the system has been implemented (amortization is paid in 60 equal monthly payments). *** Licensing fees will cover expenses such as annual license or maintenance fees