PFO_(for_Purchasing_only).pdf
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- Attached to
- Philippe Park Living Shoreline (004178B)
- Solicitation number
- 24-0395-ITB-C
- Issued by
- Pinellas County, Clewiston City, Florida
About this file
This document is a Project Financial Overview prepared by the Office of Management & Budget for the Philippe Park Living Shoreline Project (Parent/Budgeted Number: 004178B) on February 20th, 2024. The project involves creating a living shoreline at the southern end of Philippe Park through the installation of oysters and native vegetation, and is being conducted in conjunction with the Philippe Park Seawall Replacement project. The total project budget is $360,000, with funding allocated across fiscal years 2024 and 2025, including $244,000 in FY24 and $116,000 in FY25.
The project is funded through two primary sources: a Penny Fund contributing $231,000 and a State Grant providing $129,000. The construction estimate was originally provided by OpenGov at $337,125, with the total project estimate of $360,000 including additional associated construction costs. The financial overview indicates sufficient funds are available, though a note mentions that additional funding will be requested in the FY25 budget submittal. Year-to-date expenditures are minimal, with only $668.29 spent as of the document's preparation. The project is categorized under the Multi-Year Capital Improvement Program and is currently in the construction phase.
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Text version
Parent/Budgeted Number: 004178B Philippe Park Living Shoreline Project
Requested for: Construction Review Requested By : OpenGov
Amended Planned Multi-Year CIP Plan FY24 FY25 Total Acquisitions -$ -$ -$ Professional Services/Design -$ -$ -$ Construction 244,000$ -$ 244,000$ Testing -$ -$ -$ Other -$ -$ -$ CIP Plan Totals 244,000$ -$ 244,000$ +/- Budget Adjustments -$ -$ -$ Adjusted Total 244,000$ -$ 244,000$
Project Resources Funding Penny 115,000$ -$ 115,000$ State Grant 129,000$ -$ 129,000$ Total Project Resources 244,000$ -$ 244,000$ +/- Budget Adjustments -$ -$ -$ Adjusted Total Project Resources 244,000$ -$ 244,000$
Amended Proposed Multi-Year CIP Plan FY24 FY25 Total Acquisitions -$ -$ -$ Professional Services/Design -$ -$ -$ Construction 244,000$ 116,000$ 360,000$ Testing -$ -$ -$ Other -$ -$ -$ CIP Plan Totals 244,000$ 116,000$ 360,000$ +/- Budget Adjustments -$ -$ -$ Adjusted Total 244,000$ 116,000$ 360,000$
Project Resources Funding Penny 115,000$ 116,000$ 231,000$ State Grant 129,000$ -$ 129,000$ Total Project Resources 244,000$ 116,000$ 360,000$ +/- Budget Adjustments -$ -$ -$ Adjusted Total Project Resources 244,000$ 116,000$ 360,000$
Year to Date Activity FY24 FY25 Multi-Year
Total
YTD Expenditures 668.29 - 668.29 Encumbrances - - - Total 668.29 - 668.29
Budget Less YTD Activity $243,331.71 $0.00 $243,331.71
Estimated Activity FY24 FY25 Multi-Year
Total (1)
Design - - 0.00 Construction 244,000.00 116,000.00 360,000.00 (2)
Total 244,000.00 116,000.00 360,000.00
Estimated Remaining Appropriation $0.00 $0.00 $0.00 (3)
Result Sufficient Funds Sufficient FundsSufficient Funds (4)
Notes:
(3) Estimated Remaining Appropriation at the end of each fiscal year will vary based on actual expenditures.
Prepared By the Office of Management & Budget, February 20th, 2024.
(4) The FY24 Amended budget does not have sufficient budget to support the current project estimate, additional funding will be requested with the FY25 budget submittal. Approximately $116,000 will be
(2) The construction estimate was provided by OpenGov Review Priving Proposal attachment at $337,125. This estimate does not include other associated construction costs. Estimated Activity of $360,000 includes these additional considerations.
Project Financial Overview
Description: The project will create a living shoreline at the southern end of Philippe Park through installation of oysters and native vegetation. Project done in conjuction with 004178A Philippe Park Seawall Replacement.
Multi-Year Capital Improvement Program
(1) Estimated Activity section includes Year to Date Activity.
AMENDED
PROPOSED
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