This my budget KHS Flite build. I used parts I had in the secret stash, but still got nickeled and dimed at the end.
KHS Flite 100 frameset, size 55. Amazon Green paint, paintjob is incredible- decals underneath the clear.
Seat- Selle Italia Max Flite, old saddle I had in my stash.
Seatpost- Kalloy Uno, perhaps the best "cheap" setpost out there.
Wheels- Formula hubs and Alex rims, stuff I had in the wheel pile already.
Cranks/BB- Miche track cranks and BB, 48 tooth with 167.5 arms. Found in my track bike stash.
Chain- KMC something or other, found in my stash.
Pedals- Shimano XTR, found in my stash.
Stem- ITM 110mm, found in my stash.
Bars- Bontrager shallow drop 42cm wide, had to purchase.
Brakes- Campagnolo C-Record levers, and Delta brake, found in my stash bins.
Gearing right now is 48-18.
Weight- 16.9 pounds.
This bike rides incredibly well, I still can't get over the frame quality for the price.