005582A_FY24_53rdAveFM_PFO.pdf

413 KB Posted

Attached to
53rd Avenue N. Force Main Replacement (PID 005582A)
Solicitation number
24-0791-ITB-C
Issued by
Pinellas County, Clewiston City, Florida

About this file

Written by GovTribe AI ·

This document is a Project Financial Overview (PFO) for a municipal infrastructure project by a local government in Florida, specifically for the 53rd Avenue Force Main Replacement. The project involves installing 2,800 linear feet of new 24" PVC Force Main, including isolation valves and air release valves, running from Duhme Road along 53rd Avenue. The project is part of the Capital Improvement Program and is being requested for Invitation to Bid (ITB) procurement, with design and construction phases planned across fiscal years 2024 and 2025.

The project is funded through the Sewer Renewal & Replacement Fund, with a total multi-year budget of $2,550,000. The budget is broken down into $50,000 for professional services/design in FY24 and $2,500,000 for construction in FY25. Funding is currently available, with sewer funds as the primary source. The financial overview indicates that while the project has sufficient funding in FY24, additional funding will need to be requested in the FY25-30 Capital Improvement Plan to cover the full project costs. Year-to-date expenditures as of the document's preparation (May 17, 2024) are $20,073.37, with encumbrances of $63,308.00. The project's estimated design and construction costs are provided by the project manager and design consultant Halff Associates.

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53rd_Avenue_N._Force_Main_Replacement_(PID_005582A).pdf PDF
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Purchasing Financial Information:

Funding Source: Budgeted in the Capital Improvement Program Title of Funding Source: Sewer Renewal & Replacement Fund

Are funds currently available? Yes

If grant funding, select type: N/A

Date funds available: 10/01/2023

Amended Planned Planned Multi-Year Project Costs FY24 FY25 FY26 Total Acquisitions $0 $0 $0 $0 Professional Services/Design $50,000 $0 $0 $50,000 Construction $2,250,000 $250,000 $0 $2,500,000 Testing $0 $0 $0 $0 Other $0 $0 $0 $0 Total Project Costs $2,300,000 $250,000 $0 $2,550,000 +/- Approved Restatement $32,000 $0 $0 $32,000 Adjusted Total Project Costs $2,332,000 $250,000 $0 $2,582,000

Project Resources Funding Sewer Funds $2,300,000 $250,000 $0 $2,550,000 Total Project Resources $2,300,000 $250,000 $0 $2,550,000 +/- Approved Restatement $32,000 $0 $0 $32,000 Adjusted Total Project Resources $2,332,000 $250,000 $0 $2,582,000

Estimate Proposed Proposed Multi-Year Project Costs FY24 FY25 FY26 Total Acquisitions $0 $0 $0 $0 Professional Services/Design $50,000 $0 $0 $50,000 Construction $0 $2,500,000 $0 $2,500,000 Testing $0 $0 $0 $0 Other $0 $0 $0 $0 Total Project Costs $50,000 $2,500,000 $0 $2,550,000 +/- Budget Adjustments $0 $0 $0 $0 Adjusted Total Project Costs $50,000 $2,500,000 $0 $2,550,000

Project Resources Funding Sewer Funds $50,000 $2,500,000 $0 $2,550,000 Total Project Resources $50,000 $2,500,000 $0 $2,550,000 +/- Budget Adjustments $0 $0 $0 $0 Adjusted Total Project Costs $50,000 $2,500,000 $0 $2,550,000

Year to Date Activity FY24 FY25 FY26-29 Multi-Year (1)

YTD Expenditures $20,073.37 $0.00 $0.00 $20,073.37 Encumbrances $63,308.00 $0.00 $0.00 $63,308.00 Total $83,381.37 $0.00 $0.00 $83,381.37

Budget Less YTD Activity $2,248,618.63 $250,000.00 $0.00 $2,498,618.63

Result Sufficient Funds Sufficient Funds Sufficient Funds Sufficient Funds

Estimated Activity FY24 FY25 FY26-29 Multi-Year (1)

Design $39,000.00 $24,000.00 $0.00 $63,000.00 Construction $0.00 $2,600,000.00 $0.00 $2,600,000.00 (2)

$39,000.00 $2,624,000.00 $0.00 $2,663,000.00 (3)

Estimated Remaining Appropriation $2,293,000.00 ($2,374,000.00) $0.00 ($81,000.00)

Result Sufficient Funds Insufficient Funds Sufficient Funds Insufficient Funds (4)

Notes:

Prepared By the Office of Management & Budget, May 17, 2024

Proposed Budget

(1) Estimated Activity section includes Year to Date Activity.

(2) Estimated Activity was provided by the Project Manager, Tim Calvit based on OPCC from design consultant Halff Associates.

(3) Estimated Remaining Appropriation at the end of each fiscal year will vary based on actual expenditures.

(4) The project has sufficient funding in the FY24 Amended Budget; however, funding for FY25 is insufficient. Additional funding should be requested in the FY25-30 Capital Improvement Plan.

Amended Budget

Parent/Budgeted Number: 005582A 24 inch 53rd Avenue Force Main Replacement from Duhme Rd.to east of Seminole Blvd.

Project Financial Overview

Description: Project will consist of installing 2,800 ft. of new 24" PVC Force Main, isolation valves, and air release valves from Duhme Rd. along 53rd Ave.

Requested for: ITB

Requested By : Karen O'Connor

Multi-Year Capital Improvement Program

File details come from the government source that posted it. Updated .