006031A_PFO.pdf
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- Solicitation number
- 24-0644-ITB-C
- Issued by
- Pinellas County, Florida
About this file
This document is a Project Financial Overview (PFO) for the Lake Seminole Trail Extension project, prepared by the Office of Management & Budget for Pinellas County, Florida on April 5th, 2024. The project aims to connect Park Boulevard pedestrian traffic to the north loop trail in Seminole Lake Park, with a total project budget of $2,165,000. The multi-year Capital Improvement Program (CIP) breaks down the funding across fiscal years, with $265,000 allocated for professional services/design and $1,900,000 for construction in the approved FY24 budget.
The project is entirely funded through American Rescue Plan Act (ARPA) resources, with the budget distributed across FY24 and FY25. In FY24, $325,000 is allocated for construction, with the remaining $1,840,000 planned for FY25. Year-to-date expenditures are $325,220.26, with additional encumbrances of $109,885.07. The financial overview indicates sufficient funds for the project, and the budget is sufficient to support the total project estimate for the FY25 CIP budget submission. The project is part of a broader infrastructure improvement initiative focusing on pedestrian infrastructure and park connectivity.
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Text version
Parent/Budgeted Number: 006031A Lake Seminole Trail Ext
Requested for: Update Requested By : Greg Milam
Amended Planned Planned Multi-Year CIP Plan FY24 FY25 FY26 Total Acquisitions -$ -$ -$ -$ Professional Services/Design 265,000$ -$ -$ 265,000$ Construction 1,900,000$ -$ -$ 1,900,000$ Testing -$ -$ -$ -$ Other -$ -$ -$ -$ CIP Plan Totals 2,165,000$ -$ -$ 2,165,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total 2,165,000$ -$ -$ 2,165,000$
Project Resources
ARPA 2,165,000$ -$ -$ 2,165,000$
Total Project Resources 2,165,000$ -$ -$ 2,165,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total Project Resources 2,165,000$ -$ -$ 2,165,000$
Estimate Proposed Proposed Multi-Year CIP Plan FY24 FY25 FY26 Total Acquisitions -$ -$ -$ -$ Professional Services/Design -$ -$ -$ -$ Construction 325,000$ 1,840,000$ -$ 2,165,000$ Testing -$ -$ -$ -$ Other -$ -$ -$ -$ CIP Plan Totals 325,000$ 1,840,000$ -$ 2,165,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total 325,000$ 1,840,000$ -$ 2,165,000$
Project Resources
ARPA 325,000$ 1,840,000$ -$ 2,165,000$
Total Project Resources 325,000$ 1,840,000$ -$ 2,165,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total Project Resources 325,000$ 1,840,000$ -$ 2,165,000$
Year to Date Activity FY24 FY25 FY26 Multi-Year
Total
YTD Expenditures 325,220.26 - - 325,220.26 Encumbrances 109,885.07 - - 109,885.07 Total 435,105.33 - - 435,105.33
Budget Less YTD Activity $1,729,894.67 $0.00 $0.00 $1,729,894.67
Estimated Activity FY24 FY25 FY26 Multi-Year
Total (1)
Design - - - 0.00 Construction 325,000.00 1,840,000.00 - 2,165,000.00 Total 325,000.00 1,840,000.00 - 2,165,000.00
Estimated Remaining Appropriation $1,840,000.00 ($1,840,000.00) $0.00 $0.00 (2)
Result Sufficient Funds Insufficient Funds Sufficient FundsSufficient Funds (3)
Notes:
(2) Estimated Remaining Appropriation at the end of each fiscal year will vary based on actual expenditures.
Prepared By the Office of Management & Budget, April 5th, 2024.
(3) This Amended FY24 budget is sufficient to support the total project estimate provided by PCR for the FY25 CIP budget submission (Proposed).
Project Financial Overview
Description: This project will connect Park Blvd pedestrian traffic to the north loop trail in Seminole Lake Park.
Multi-Year Capital Improvement Program
(1) Estimated Activity section includes Year to Date Activity.
APPROVED
PROPOSED
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