Make it work

Finances

Current Budget

So far the team has raised a total of $6,400 of the estimated $28,400 of potential funding they are planning to raise. The funds have come from the prior team’s funding, the College of Engineering Senior Design Funding, and the Samurai Snacks fundraiser the team has completed.

Top Level Budget

Overall Budget

The final estimated budget for the rocket comes to about $24,300. 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 $6,400 from our prior team funding, fundraisers, and the senior design funds. 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 for additional funds. Lastly, the team plans to host a couple more fundraisers, apply for the UROP Presentation, as well as set up a GoFundMe to receive team donations. 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 $1,920.

The Propulsion Subsystem budget includes the M2400T Propellent one for launch and one for testing. The rest of the components needed by Propulsion is already in the team’s possession either unused from pervious years or is something borrowed from Dr. Hudson. The total estimated cost of the Propulsion components is around $2,160.

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 or Raven4s. 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 $4,400.

Payload Budget

The Payload budget includes the new FPV camera, the new GoPro camera, 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 $1,050.

Funding Opportunities

Completed

  • Remaining Funds from Previous Year’s Team

  • College of Engineering Senior Design Funding

  • Samurai Snacks Fundraiser

Planned

  • Hawaiian Airlines Kokua Giving Program

  • College of Engineering Matching Fund

  • College of Engineering Banquet Fund

  • Future Fundraisers