VantageWillow Creek Community — Phase 2

Financials

What we expected to spend, what it is really costing, and why each line moved.

Data date Sep 28, 2026

Forecast final cost

$174,060 under budget1.2% under the $14.42M budget

Paid

$6.08M

Signed, not paid

$7.25M

Not signed yet

$907K

Per home $111,268128 home sites · white tick = budget

Budget

What we expected: the control budget, set once

$112,627per home

Committed incl. approved changes

Signed contracts $13.23M, plus $101K of approved changes

$104,179per home

Paid

Actual so far, with proof of payment · 46% of committed

$47,534per home

Over / under

$0under

7 line items over budget · 31 under, after changes

$1,360under per home

Spend over time

Paid so far against the Version A plan, then what is still to pay spread over the months its line items happen.

Version A planPaidForecast

Paid to date: $6.08M; $6,084,376 with proof of payment
Planned by the end of Sep: $7.45M; $1.37M behind the Version A plan
Still to pay: $8.16M; Signed, approved and projected, spread over the current dates
Forecast final cost: $14.24M; Budget $14.42M

Move a line item on the Schedule and its months move with it.

Cost report

By phase, then line item: the same line items as the Schedule. Click a line item to open it; click its over / under to see why.

Code	Line item	Party	Budget	Projected	Committed	Approved changes	Paid	Forecast final cost	Over / under
					$2,026,800	—	$1,968,690	—	$1,968,690	$1,968,690	$58,110under

					$105,500	—	$96,580	—	$96,580	$96,580	$8,920under

					$12,043,500	$891,800	$10,953,670	$101,100	$4,019,106	$11,946,570	$96,930under
U1	Electric utility design and powerUnknownGrex note Electric utility	Electric utility	—	Unknown	—	—	—	Unknown	Unknown

01	General conditions, mobilization and fee Ridgeline	Ridgeline	$616,600	—	$612,400	—	$209,441	$612,400

02	Erosion control Ridgeline	Ridgeline	$14,500	—	$13,900	—	$12,510	$13,900

E1	Engineering during construction Harbor	Harbor	$65,000	—	$61,800	—	$24,720	$61,800

G1	Drone flights and site camera Skyward	Skyward	$18,000	—	$16,800	—	$5,900	$16,800

03	Clearing and grubbing Ridgeline	Ridgeline	$74,000	—	$70,250	—	$63,225	$70,250

B1	Clubhouse and gatehouse Sandhill	Sandhill	$1,085,000	—	$1,079,500	—	$602,361	$1,079,500

04	Earthwork and grading Ridgeline	Ridgeline	$395,000	—	$364,000	—	$327,600	$364,000

05	Storm sewer and retention ponds Ridgeline	Ridgeline	$650,000	—	$631,500	$14,600	$581,490	$646,100

06	Sanitary sewer Ridgeline	Ridgeline	$1,260,000	—	$1,298,500	$42,600	$581,281	$1,341,100

07	Water main and services Ridgeline	Ridgeline	$855,000	—	$842,300	$16,900	$402,120	$859,200

10	Road base and curb Ridgeline	Ridgeline	$318,400	—	$318,400	—	$143,280	$318,400	On budget

15	Home pads and building foundations Ridgeline	Ridgeline	$1,410,000	—	$1,454,000	$3,200	$629,510	$1,457,200

08	Site electrical and street lights Ridgeline	Ridgeline	$630,000	$11,400	$611,900	—	$220,284	$623,300

09	Cable and phone conduit Ridgeline	Ridgeline	$46,000	—	$43,750	—	$17,719	$43,750

11	Asphalt, first course Ridgeline	Ridgeline	$155,000	—	$149,600	—	$64,627	$149,600

17	Restoration, sod and common landscaping Ridgeline	Ridgeline	$490,000	—	$481,900	—	$78,068	$481,900

13	Lift station Ridgeline	Ridgeline	$405,000	$16,800	$392,000	—	—	$408,800

14	Common area concrete Ridgeline	Ridgeline	$155,000	—	$151,200	$23,800	—	$175,000

H2	Home delivery and set Lakeside · $7,100 × 128 homes	Lakeside	$915,000	—	$908,800	—	—	$908,800

H3	Home finishing (hook-ups, skirting, decks and steps) Lakeside · $7,480 × 128 homes	Lakeside	$965,000	$57,600	$957,440	—	—	$1,015,040

O2	Maintenance garageOwner buys Corvale	Corvale	$26,000	—	$25,400	—	$7,620	$25,400

H4	Driveways and walks Lakeside · $5,375 × 128 homes	Lakeside	$700,000	$688,000	—	—	—	$688,000

H5	Home site landscaping Lakeside · $1,460 × 128 homes	Lakeside	$190,000	—	$186,880	—	—	$186,880

16	Signs and site furnishings Ridgeline	Ridgeline	$52,000	—	$49,800	—	—	$49,800

19	Cluster mailbox kiosksNot in owner's budget Ridgeline	Ridgeline	—	$36,800	—	—	—	$36,800

O1	Picnic pavilionOwner buys Northwoods	Northwoods	$38,000	$37,400	—	—	—	$37,400

12	Asphalt, final course Ridgeline	Ridgeline	$190,000	—	$184,300	—	—	$184,300

O3	Resident storage sheds (24)Owner buys Northwoods · $1,825 × 24 sheds	Northwoods	$45,000	$43,800	—	—	—	$43,800

H1	Factory-built homes (128)UnknownOwner buys Lakeside · $89,500 × 128 homes (placeholder)	Lakeside	—	Unknown	—	—	—	Unknown	Unknown

C1	Construction contingency Grex	Grex	$230,000	—	—	—	—	$0

N1	Builder's risk and liability insurance Grex	Grex	$50,000	—	$47,350	—	$47,350	$47,350


					$240,500	$15,500	$214,900	—	—	$230,400	$10,100under
18	Testing, as-builts and closeout documents Ridgeline	Ridgeline	$225,000	—	$214,900	—	—	$214,900

X1	Final inspections, punch list and turnover Grex	Grex	$15,500	$15,500	—	—	—	$15,500	On budget


Project totalknown costs · 2 unknown left out		Project totalknown costs · 2 unknown left out			$14,416,300	$907,300	$13,233,840	$101,100	$6,084,376	$14,242,240	$174,060 under
Per home (128 home sites)		Per home (128 home sites)			$112,627	—	$103,389	—	$47,534	$111,268	$1,360under

Project totalknown costs

Budget: $14,416,300
Committed: $13,233,840
Approved changes: $101,100
Projected: $907,300
Paid: $6,084,376
Forecast final cost: $14,242,240

Over / under$174,060 under

Per home (128)$111,268 forecast · $112,627 budget

Unknown = no price yet: left out of the totals, never counted as $0. Not in owner's budget = a cost the owner's budget did not plan for. Owner buys = Lakeside pays it directly; its quote is under Contracts. Forecast final cost = committed + approved changes + projected. Paid counts only with proof of payment. Per home divides by 128 home sites.

Draw schedule

Payments the title company makes. Each draw is checked line by line against the builder's schedule of values before it is paid.

PaidApprovedRequestedPlanned

Paid through draws

$3.93M

7 draws, each with signed forms and proof of payment. Invoices are paid outside draws.

Apr ’26May ’26Jun ’26Jul ’26Aug ’26Sep ’26Oct ’26Nov ’26Dec ’26Jan ’27Feb ’27Mar ’27Apr ’27May ’27Jun ’27Jul ’27

Ridgeline9 draws · $7,985,700

Sandhill4 draws · $1,079,500

Lakeside4 draws · $2,053,120

Today

Draws still to pay

Contracts, quotes and invoices

Who gets paid, what is signed (committed), what is only quoted (projected), and one-off bills and fees.

Signed, current amount

$11.57M

Paid on signed contracts

$4.32M

Committed, unpaid

$7.25M

Quoted, not signed

$806K

Assumptions behind the numbers

What the forecast and the dates rest on. 5 still open; dates that rest on one are marked * on the Schedule.