Make it work

Finances

Current Budget

So far, the team has raised a total of $8,659.52 of the estimated $32,283.94 of potential funding they are planning to raise for the estimated $31,997.57 in expected expenses. The funds have come from the prior team’s funding. Some pending funds include the College of Engineering Senior Design Funding, Samurai Snacks fundraiser the team will be completing, and Hawaiian Airlines Team Kokua Giving.

Top Level Budget

Overall Budget

The final estimated budget for the rocket comes to about $31,997.57. The sum includes rocket materials, travel expenses, FAR competition fees, miscellaneous fees, and a 20% cost buffer. The estimated cost shown for the rocket materials are the allocated max budget that may be spent by each subsystem. As of right now, the team is currently below the estimated budget and a further breakdown of the cost can be seen in the high-leveled subsystem budget. So far, the team has secured $8,659.52 from our prior team funding. The team is also getting matched a portion of what they raise through the College of Engineering Matching Fund. The team is still waiting to hear back from Hawaiian Airlines Team Kokua Giving Program and UROP for additional funds. Lastly, the team plans to host a couple more fundraisers and apply to the Associated Students of University of Hawaii (ASUH) Research Award. The team is on their way to raise enough funds to finish purchasing all the rocket materials. The remaining needed funds will also go towards travel expenses, shipping expenses, and miscellaneous items.

Subsystem Level Budget

Structure Budget

This table is the structure subsystem budget, it includes the materials the structure team needs to build the rocket body and the fins. The total estimated price of the Structure components is around $2,564.41.

The Propulsion Subsystem budget includes the motor casings for both the booster and sustainer as well as their corresponding propellant. Two M2500T propellant will be ordered as one will be used for static motor testing.

Propulsion Budget

Recovery Budget

The budget for the Recovery Subsystem includes all the hardware necessary for the housings, but also includes new avionics systems including things like the TeleMegas and GPS systems. It will also include all the components to deploy the parachutes successfully including the chute protectors, deployment bags, and shock cords. The total estimated cost of the Recovery components is around $4,441.73.

Payload Budget

The Payload budget includes the new FPV camera, batteries, video camera, and some necessary electronic components and anti-static kits to make sure none of the components short circuit. The total estimated cost of the Payload subsystem components is around $1,028.

Funding Opportunities

Completed

  • Remaining Funds from Previous Year’s Team

  • College of Engineering Senior Design Funding

Pending

  • Hawaiian Airlines Kokua Giving Program

  • College of Engineering Matching Fund

  • Samurai, Inc. (Popcorn Fundraiser)

  • InSynergy Engineering, Inc.

  • COE Matching Funds

Planned

  • College of Engineering Banquet Fund

  • Future Fundraisers

  • ASUH Research Fund

  • Krispy Kreme

  • Pacific Air Cargo

  • The Delivery People