YEAR 0 1 2 3 4 5 Credit Union Application Modernization Budget Capital Expenditures Performance Assessment & Tech Stack Evaluation Cloud Migration Database Optimization Outsourcing Cost Contingency Amount Description Consulting services for assessment consulting services Specialized development work $ 200,000.00 Cost of migration tools and consulting services $ 500,000.00 Database performance tuning tools and $ 300,000.00 $ 400,000.00 Reserve fund for unexpected expenses $ 500,000.00 $1,900,000.00 Total Capital Expenditure Operating Expenses Additional Development Resources (15x) Additional Developers for migration and upgrade $1,500,000.00 Cloud Platform Subscription Training and Skill Development Testing and Quality Assurance Development Resources Total Operating Expenses Total Budget Workshops and courses for existing team Cloud service cost Continous Moniorting tools and services Ongoing development team salaries, maintenance, and updates $ 200,000.00 $ 300,000.00 $ 300,000.00 $ 300,000.00 $ 300,000.00 $ 300,000.00 $ 300,000.00 $ 200,000.00 $ 200,000.00 $ 200,000.00 $200,000.00 $ 200,000.00 $200,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $1,000,000.00 $3,200,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00 $5,100,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00 $1,500,000.00