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Glenwood Place Water Improvements <br />November 7, 2022 <br />Page 2 <br />3 <br />8 <br />3 <br />0 <br />Project Item Current Total Additional <br />Funding New Total <br />Construction Administration, Inspection, <br />Testing $146,768 $40,000 $186,768 <br />Contingencies $174,777 $310,000 $484,777 <br />TOTAL ESTIMATED CONSTRUCTION <br />DELIVERY COST $1,300,000 $350,000 $1,650,000 <br />FISCAL IMPACT <br />As indicated in the Cost Analysis, the estimated total construction delivery cost of the <br />project is $1,650,000, which includes the construction contract, contract administration, <br />inspection, testing, and an authorized contingency. Funds for this action, in the amount <br />of $350,000, have been transferred from previously-approved funds for the Main Street <br />Slurry (Project No. 20-6959). <br />The following table summarizes the funds budgeted and available in current FY 23-24 <br />for expenditure to deliver construction of this project. Any remaining balances not <br />expended at the end of the fiscal year will be presented to City Council for approval of <br />carryovers to FY 24-25. <br />Fiscal <br />Year <br />Accounting Unit - <br />Account No. <br />(Project No.) <br />Fund <br />Description <br />Accounting Unit - <br />Account No. <br />Description <br />Amount <br />Existing Project Budget <br />2023-24 06617647-66301 <br />(23-6476) <br />Acquisition & <br />Construction <br />Water Utility Capital <br />Projects, Water Capital <br />Project <br />$1,300,000 <br />Additional Funding <br />2023-24 <br />03217662-66220 <br />(from 20-6959 to <br />23-6476) <br />Measure M- <br />Street <br />Construction <br />Fund <br />Measure M2 Local <br />Fairshare, <br />Improvements Other <br />Than Building <br />$350,000 <br />Total $1,650,000 <br />EXHIBIT(S) <br />1. Location Map <br />2. Cost Analysis