PFO_(for_Purchasing_Only).pdf
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- Solicitation number
- 24-0722-ITB-C
- Issued by
- Pinellas County, Clewiston City, Florida
About this file
This document is a Project Financial Overview for the High Point Community Park project by Pinellas County, Florida, detailing a multi-year Capital Improvement Program (CIP) for developing a 10-acre outdoor active youth recreation facility. The project, located between Pinellas Technical Education Center and High Point Elementary, is being rebid and will include multi-purpose athletic fields, basketball courts, lighting, playground, walking trail, picnic shelter, and restrooms. The project is currently in the design phase with a planned project start of October 1, 2016, and expected completion by October 1, 2025.
The project is funded through two primary sources: $6,743,000 from the American Rescue Plan Act (ARPA) and $106,000 from the Penny for Pinellas local infrastructure sales surtax. The current budget shows an amended plan of $4,916,000 for fiscal year 2024 and $1,933,000 for fiscal year 2025, totaling $6,849,000. However, the proposed budget indicates a significant increase, with an estimated $8,699,000 total project cost. The financial overview notes that the current project estimate exceeds the amended budget, and while the project may go out to bid, sufficient funding must be in place before a bid can be awarded. Year-to-date expenditures are $62,503.08, with encumbrances of $80,651.80.
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Amended Planned Multi-Year CIP Plan FY24 FY25 Total Acquisitions -$ -$ -$ Professional Services/Design 100,000$ 6,000$ 106,000$ Construction 4,816,000$ 1,927,000$ 6,743,000$ Testing -$ -$ -$ Other -$ -$ -$ CIP Plan Totals 4,916,000$ 1,933,000$ 6,849,000$
Budget Adjustment +/- -$ -$ -$
Adjusted Total 4,916,000$ 1,933,000$ 6,849,000$
Project Resources
ARPA 4,816,000$ 1,927,000$ 6,743,000$
State grant -$ -$ -$ Penny 100,000$ 6,000$ 106,000$ Total Project Resources 4,916,000$ 1,933,000$ 6,849,000$
Budget Adjustment +/- -$ -$ -$
Adjusted Total Project Resources 4,916,000$ 1,933,000$ 6,849,000$
(1)
Estimate Proposed Multi-Year CIP Plan FY24 FY25 Total Acquisitions -$ -$ -$ Professional Services/Design 166,000$ 17,000$ 183,000$ Construction -$ 8,516,000$ 8,516,000$ Testing -$ -$ -$ Other -$ -$ -$ CIP Plan Totals 166,000$ 8,533,000$ 8,699,000$
Budget Adjustment +/- -$ -$ -$
Adjusted Total 166,000$ 8,533,000$ 8,699,000$
Project Resources
ARPA -$ 6,743,000$ 6,743,000$
State grant -$ -$ -$ Penny 166,000$ 1,790,000$ 1,956,000$ Total Project Resources 166,000$ 8,533,000$ 8,699,000$ Budget Adjustment +/- -$ -$ -$ Adjusted Total Project Resources 166,000$ 8,533,000$ 8,699,000$
Year to Date Activity FY24 FY25 Multi-Year
Total YTD Expenditures 62,503.08 - 62,503.08 Encumbrances 80,651.80 - 80,651.80 Total 143,154.88 - 143,154.88
Budget Less YTD Activity $4,772,845.12 $1,933,000.00 $6,705,845.12
Estimated Activity FY24 FY25 Multi-Year
Total (2)
Design 150,000.00 17,000.00 167,000.00 Construction - 8,516,353.97 8,516,353.97 Total 150,000.00 8,533,353.97 8,683,353.97
Estimated Remaining Appropriation $4,766,000.00 ($6,600,353.97) ($1,834,353.97) (3)
Result Sufficient Funds Insufficient Funds Insufficient Funds (4)
Notes:
Prepared By the Office of Management & Budget, April 23rd, 2024.
Purchasing Financial Information:
PROJECT FINANCIAL OVERVIEW
Project Number: 002998A High Point Community Park Description: 10 acres of land located between Pinellas Technical Education Center and High Point Elementary will be developed for an outdoor active youth recreation facility.
Requested for: Rebid Requested By : OpenGov Procurement
(4) The current project estimate for High Point Community Park exceeds the amended budget. Project may go out to bid but sufficient funding must be in place before a bid can be awarded.
Funding Source: budgeted in the Capital Improvement Program Title of Funding Source: American Rescue Plan Act (ARPA), Local Infrastructure Sales Surtax (Penny for Pinellas) Are funds currently available? Yes If grant funding, select type: Federal funding through American Rescue Plan Act Date funds available: ARPA and Penny available 10/1/23 (included in current budget)
Multi-Year Capital Improvement Program
(3) Estimated Remaining Appropriation at the end of each fiscal year will vary based on actual expenditures.
Approved
Proposed
(1) Proposed Budget updated to include 4/22/24 Engineer's Estimate attached to "ARPA High Point Community Park (Rebid) (PID 002998A)" in OpenGov. And includes staff time, construction engineering inspection, and material testing.
(2) Estimated Activity includes YTD Activity.
2024 2025 2026 2027 2028 Total Fund: 1045
030.2 4,816,000 1,927,000 0 0 0 6,743,000
4,816,000 1,927,000 0 0 0 6,743,000 Fund: 3001
020.1 100,000 6,000 0 0 0 106,000
100,000 6,000 0 0 0 106,000
4,916,000 1,933,000 0 0 0 6,849,000
4,816,000 1,927,000 0 0 0 6,743,000 100,000 6,000 0 0 0 106,000
4,916,000 1,933,000 0 0 0 6,849,000
Report Total: 4,916,000 1,933,000 0 0 0 6,849,0000
Funding Total: 0
ARPA-Federal Grant 0 Penny for Pinellas 0
Total for Project: 002998A 0
Funding Source
Project Total for : Fund: 3001 Capital Projects Center: 417100 CIP-Culture/Recreation Program: 3003 Countywide Parks Projects
Project Total for : Fund: 1045 American Rescue Plan Act Center: 417100 CIP-Culture/Recreation Program: 3003 Countywide Parks Projects
CIP Projects Center: 417100 Culture and Recreation Program: 3003 Countywide Parks Projects 020.1-Design 0
Budget 2029 CIP Projects Center: 417100 Culture and Recreation Program: 3003 Countywide Parks Projects 030.2-Construct-ARPA 0
Community Project Projects brought forward by a community agency Location Largo Penny Program Community Vitality
American Rescue Plan Act Expenditure Category 2. Negative Economic Impacts CIP Phase Design
Start: 01-OCT-16 Finish: 01-OCT-25
Project Classifications:
2017 Penny List Project 2017 Penny List Projects published during the 2017 Penny IV Education Campaign
Function: Culture and Recreation Activity: Parks & Recreation
Project: 002998A High Point Community Park Description: 10 acres of land located between Pinellas Technical Education Center and High Point Elementary will be developed for an outdoor active youth recreation facility.
Pinellas County Capital Improvement Program April 23, 2024
Project Budget Detail Report Page 1 of 1
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