006033A_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 Safe Routes to School project (Parent/Budgeted Number: 006033A) prepared by the Office of Management & Budget on March 25, 2024, for Pinellas County, Florida. The project focuses on constructing new sidewalk segments on Crestmont Avenue, George Boulevard, and Colfax Street (Sub-Project Number: 006050A), prioritizing areas based on population density, network connectivity, and proximity to pedestrian generators like bus stops, parks, and schools. The project is currently at the 100% design stage, with a total multi-year budget of $10,297,000 spanning fiscal years 2024-2026.
The project is primarily funded through the American Rescue Plan Act (ARPA) as a federal grant, with funds available since October 1, 2022. The budget breakdown includes $50,000 for acquisitions, $850,000 for professional services/design, $4,897,000 for construction, and $4,500,000 for testing. As of the document's preparation, $517,226.05 has been expended in FY24, with $146,898.16 in encumbrances. The 100% engineer's estimate for the specific sub-project (006050A) is $3,635,309.46. While the project has sufficient funds for the current fiscal year, the estimated remaining appropriation indicates potential funding challenges in FY25 and FY26, which will be reevaluated at the time of bid/award.
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Requested By : Stephanie Pissarides
Amended Proposed Proposed Multi-Year CIP Plan FY24 Amended Budg FY25 FY26 Total Acquisitions 190,000$ -$ -$ 190,000$ Professional Services/Design 1,176,000$ -$ -$ 1,176,000$ Construction 3,681,000$ -$ -$ 3,681,000$ Testing -$ -$ -$ -$ Other -$ -$ -$ -$ CIP Plan Totals 5,047,000$ -$ -$ 5,047,000$ +/- Restatement -$ -$ -$ -$ Adjusted Total 5,047,000$ -$ -$ 5,047,000$
Project Resources Funding Penny -$ -$ -$ -$ Funding ARPA 5,047,000$ -$ -$ 5,047,000$ Total Project Resources 5,047,000$ -$ -$ 5,047,000$ +/- Restatement -$ -$ -$ -$ Adjusted Total Project Resources 5,047,000$ -$ -$ 5,047,000$
Estimate Proposed Proposed Multi-Year CIP Plan FY24 FY25 FY26 Total Acquisitions 50,000$ -$ -$ 50,000$ Professional Services/Design 500,000$ 350,000$ -$ 850,000$ Construction 200,000$ 4,697,000$ -$ 4,897,000$ Testing -$ -$ 4,500,000$ 4,500,000$ Other -$ -$ -$ -$ CIP Plan Totals 750,000$ 5,047,000$ 4,500,000$ 10,297,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total 750,000$ 5,047,000$ 4,500,000$ 10,297,000$
Project Resources Funding Penny -$ 750,000$ 4,500,000$ 5,250,000$ Funding ARPA 750,000$ 4,297,000$ -$ 5,047,000$ Total Project Resources 750,000$ 5,047,000$ 4,500,000$ 10,297,000$ +/- Budget Adjustments -$ -$ -$ -$ Adjusted Total Project Resources 750,000$ 5,047,000$ 4,500,000$ 10,297,000$
Year to Date Activity FY24 FY25 FY26 Multi-Year
Total
YTD Expenditures 517,226.05$ -$ -$ 517,226.05$ Encumbrances 146,898.16$ -$ -$ 146,898.16$
Total 664,124.21$ -$ -$ 664,124.21$
Budget Less YTD Activity 85,875.79$ 5,047,000.00$ 4,500,000.00$ 9,632,875.79$
Result Sufficient Funds Sufficient Funds Sufficient Funds Sufficient Funds
Estimated Activity FY24 FY25 FY26 Multi-Year
Total (1)
Design 550,000.00$ 350,000.00$ -$ 900,000.00$ Construction 488,000.00$ 4,350,000.00$ 4,370,000.00$ 9,208,000.00$ (2)
Total 1,038,000.00$ 4,700,000.00$ 4,370,000.00$ 10,108,000.00$
Estimated Remaining Appropriation 4,009,000.00$ (4,700,000.00)$ (4,370,000.00)$ (5,061,000.00)$ (3)
Result Sufficient Funds Insufficient Funds Insufficient Funds Insufficient Funds
Notes:
Prepared By the Office of Management & Budget, March 25, 2024.
(4) Project has sufficient funds for project 006050A but will need to address additional funding needed to complete other projects. Will reevalutate at time of bid/award.
Project Financial Overview
Parent/Budgeted Number: 006033A Safe Routes to School Description: This project prioritizes new sidewalk segments based on factors such as the population density served, ability to complete gaps.
Sub Projects Number: 006050A Crestmont Ave, George Blvd, Colfax St Sidewalks Description of sub-projects: New sidewalk segments based on factors such as the population density served, ability to complete gaps that provide greater overall network connection and proximity to pedestrian generators like bus stops, parks and schools.
Requested for: 100% Design
Purchasing Financial Information:
Funding Source: budgeted in the Capital Improvement Program Title of Funding Source: American Rescue Plan Act (ARPA) Are funds currently available? Yes If grant funding, select type: Federal Grant-ARPA Date funds available: 10-1-2022 (included in current budget)
(2) 100% Engineers estimate $3,635,309.46 for 006050A.
(3) Estimated Remaining Appropriation at the end of each fiscal year will vary based on actual expenditures.
Multi-Year Capital Improvement Program FY24 Amended Budget
Multi-Year Capital Improvement Program Proposed Budget
(1) Estimated Activity section includes Year to Date Activity.
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