The project earned $1,089,688 in revenue against $864,873 in direct costs per the QuickBooks job-cost report, producing a gross profit of $224,815 (20.6% margin) before any allocation of corporate overhead, project management time, or insurance/bonding. Flint Creek closed at 100% of contracted scope. Peace Creek substantially completed against amended scope with the final demobilization invoices submitted in April 2026.
| Document | Date | Description | Amount |
|---|---|---|---|
| Master Agreement | Jun 13, 2025 | Original Schedule of Values | $1,803,850.49 |
| Amendment 1 | Jul 24, 2025 | Administrative — no financial change | — |
| Change Order No. 1 | Oct 31, 2025 | Piling removal at Hwy 301 (drawn from Flint contingency) | 20,000.00 |
| Amendment 2 | Dec 18, 2025 | Removed Peace Creek Panels 14–16 (50,216 LF); extended deadlines | (298,785.20) |
| Amended Contract Ceiling | $1,505,065.29 | ||
| Invoice | Date | Description | Amount | Payment Ref | Status |
|---|---|---|---|---|---|
| Flint Creek — $203,357.61 | |||||
| FlintCreek1 | 10/07/25 | Flint Mobilization 50% + P2 (772 LF) | $29,593.40 | 906696018268353 | Paid |
| FlintCreek2 | 10/07/25 | Flint P1 + P2 (5,603.6 LF) | 33,341.42 | 906696018268353 | Paid |
| FlintCre3.1 | 11/07/25 | Mobilization additional 25% | 12,500.00 | 26EF0000620 | Paid |
| FlintCre3.2 | 11/07/25 | P1 + P2 remainder + P3 full (8,359.8 LF) | 49,740.81 | 26EF0000609 | Paid |
| FlintCreek4 | 12/29/25 | P2 final + Erosion Control | 16,982.56 | 26EF0001562 | Paid |
| FlintCreek5 | 12/29/25 | Mobilization final 25% | 12,500.00 | 26EF0001562 | Paid |
| FlintCrkCO1 | 12/29/25 | CO #1 — Piling Removal at Hwy 301 | 20,000.00 | 26EF0001562 | Paid |
| FlintCrHaul | 04/06/26 | Hauling / Tipping (62.49 tons) | 3,699.42 | 26EF0001983 | Paid |
| Demobilization | 04/09/26 | 100% Demobilization | 25,000.00 | 26EF0001983 | Paid |
| Peace Creek — $886,330.86 | |||||
| PeaceCreek1 | 10/07/25 | Mobilization 25% + P2 debris (10,771.2 LF) | $70,338.64 | 906696018268353 | Paid |
| PeaceCreek2 | 12/17/25 | Mobilization 25% + multi-panel debris | 327,905.81 | 26EF0001563 | Paid |
| PceCrk2Rev | 02/26/26 | Invoice 2 supplemental (SWFWMD revision) | 67,877.60 | 26EF0001563 | Paid |
| PeaceCreek3 | 03/23/26 | Panels 4, 9-Upper, 10, 12 debris | 257,664.75 | 26EF0001721 | Paid |
| PeaceCrFinal | 04/06/26 | Panels 7, 13 + Mob residual + Erosion Control | 158,977.15 | 26EF0001722 | Paid |
| PeaceCrHaul | 04/06/26 | Hauling / Tipping (67.64 tons) | 3,566.91 | 26EF0001984 | Paid |
| Total Revenue Earned & Collected | $1,089,688.47 | All Paid | |||
| Cost Category | Class | Amount | % of Costs |
|---|---|---|---|
| Subcontractor (Insured) — HD Worxs | Unclassified¹ | $554,155.65 | 64.2% |
| Subcontractor (Insured) — FL | Unclassified¹ | 182,996.13 | 21.2% |
| Total Subcontractor Costs | $737,151.78 | 85.4% | |
| Equipment Rental — Marsh Master + Misc | Unclassified¹ | 68,875.00 | 8.0% |
| Equipment Rental — CAT 309 Amphibious | Peace Creek | 37,300.00 | 4.3% |
| Equipment Rental — Mini Excavators (Apr 2026) | Flint Creek | 11,127.42 | 1.3% |
| Total Equipment Rental | $117,302.42 | 13.6% | |
| Miscellaneous Construction Costs | Unclassified¹ | 8,422.79 | 1.0% |
| Reimbursable Expenses (12/16/25 NC STEP allocation) | Flint & Peace Creek | 1,996.19 | 0.2% |
| Total Direct Project Costs (Job-Costed) | $864,873.18 | 100.0% | |
| Contract Revenue Earned | $1,089,688.47 |
| Less: Subcontractor Costs (HD Worxs + FL) | (737,151.78) |
| Less: Equipment Rental | (117,302.42) |
| Less: Miscellaneous Construction | (8,422.79) |
| Less: Reimbursable Expenses (12/16/25) | (1,996.19) |
| Total Direct Costs (Job-Costed) | (864,873.18) |
| Gross Profit, Pre-Overhead | $224,815.29 |
| Gross margin percentage | 20.6% |
| Note: This statement is presented pre-overhead. A standard JWTC corporate allocation (G&A, PM labor, insurance, bonding) is estimated to reduce profit by an additional $75,000 – $135,000. | |
| Project | Contract LF (Am. 2) | LF Completed | % Complete | Status |
|---|---|---|---|---|
| Flint Creek | 15,909 | 15,909 | 100.0% | Closed out |
| Peace Creek (per panels billed) | 173,018 | ~129,500 | ~74.9% | Substantial completion |
| Combined | 188,927 | ~145,400 | ~77.0% | 72.4% by contract value |
1. "Unclassified" cost class. The majority of project costs ($814,450 of $862,877) are booked to the "Flint & Peace Creek 2025 — Other" account because the original posting did not assign a Flint or Peace Creek class code. Glen Miller is in the process of reclassifying these entries by sub-project; the total project cost is not expected to change materially, but the Flint-vs-Peace split will be adjusted.
2. Revenue recognition. Revenue is recognized when invoiced to SWFWMD. All fifteen invoices have been collected per the QuickBooks payment register (final payments cleared June 9, 2026). PceCrk2Rev represents a supplemental invoice issued in response to SWFWMD's January 2026 revision request — the original PeaceCreek2 invoice was paid as billed and the revision added $67,877.60 of additional revenue rather than reducing the original.
2a. Update — June 11, 2026. All three open items previously pending Glen Miller's confirmation have been resolved. HD Worxs advances ($448K) are confirmed to be already embedded in the cost total (no change). The 12/05/2024 $200K advance is confirmed Sarasota (no change). The 12/16/2025 Brian Benoit reimbursement (NC STEP check) is allocable to F&P at $1,996.19 and has been added; gross profit revised from $226,811.48 to $224,815.29 (margin 20.8% → 20.6%).
3. Subcontractor reconciliation. HD Worxs (Indy A-Team Services, LLC) was the primary subcontractor. Total subcontractor costs of $737,152 reflect both HD Worxs's direct invoiced amounts and pass-through costs that JWTC paid on behalf of HD Worxs (lodging on BOA card, equipment share rentals, Marsh Master rentals, boat storage). A final accounting and lien waiver from HD Worxs is being requested for project close-out.
4. Excluded costs. This statement does not include allocated corporate G&A, project management labor (Patrick Haygood), insurance, bonding, or banking fees. A standard JWTC overhead allocation is estimated at $75,000 – $135,000. Also excluded are the time investments of Charlene Zak-Knepper, J.W. Turner, and Brian Benoit during the multi-month subcontractor reconciliation process — these may be allocated separately as part of a portfolio-level cost analysis covering Sarasota, Flint & Peace Creek, and Baltimore.
5. Source documents. SWFWMD Agreement 25CN0004732 and amendments; all 15 invoice PDFs; the QuickBooks register dated June 10, 2026 (Flint_Peace_Qbooks, SWFWD_QB_files_as_of_061026); HD Worxs Nov 30 itemization and W10/W11 detailed cost reports; Cheri Vallery's cash register through November 2025; Patrick Haygood's Dec–Feb crew reimbursement (REVISED); individual crew payment receipts; BOA lodging schedules; EquipmentShare and Marsh Master rental records; Sarasota / FDEM portfolio reconciliation files dated 02.01.25 and 06.10.26.