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Project Financial Status <br />FY 16117 BUDGET <br />CIP Budgeted Funds <br />Dos Vientos Improvements <br />$ <br />815,000 <br />Additional Appropriation Unassi ned <br />$ <br />45,000 <br />TOTAL BUDGET <br />$ <br />860,000 <br />FY 16117 COSTS <br />PAID TO DATE (as of 3/15/2017) <br />_ <br />Architectural and engineering services <br />$ <br />26,203 <br />Miscellaneous(permitting and fees, bid advertisement etc. <br />$ <br />1,250 <br />PROJECTED COSTS <br />Construction <br />United Construction <br />$ <br />755,000 <br />Construction Contingency (approx. 7.5%) <br />$ <br />56,547 <br />Architect Construction Services <br />_ <br />$ <br />6,000 <br />Soils Engineer Construction Reporting and Testing <br />$ <br />3,500 <br />Grading Permit <br />$ <br />1,500 <br />_ _ <br />Furniture <br />$ <br />10,000 <br />TOTAL COSTS <br />$ <br />860,000 <br />FY 16117 PROJECTED BALANCE <br />$ <br />0 <br />At the April 2016 Board retreat, the Board discussed utilizing up to $2,000,000 of Unassigned <br />Fund Balance towards future capital projects. As a result, staff is recommending appropriating <br />$45,000 of the approximate remaining $147,000 towards this project, leaving a balance of <br />approximately $102,000 in Unassigned Fund Balance for future capital projects. <br />STRATEGIC PLAN COMPLIANCE <br />Meets 2017 Strategic Plan Element 2.3: Maintain the 10 -Year Capital Improvement Plan. <br />Regularly update the 10 -Year Capital Improvement Plan to prioritize projects and effectively <br />plan and allocate future resources. As capital funding allows, execute, implement and develop <br />project each year in accordance with the plan. Update plan every two years as part of the <br />budget process. <br />Respectfully submitted by, <br />T. P. Hare <br />Parks and Planning Administrator <br />Attachment <br />Prepared by, <br />AJ � I 11;�" <br />Andrew J. Mooney <br />Park Planner <br />