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HomeMy WebLinkAbout06.b. (Handout) Project Budget Overruns within the 15% GM AuthorityPROJECT BUDGET OVERRUNS WITHIN THE 15% GM AUTHORITY 04/8/15 ENGR. AND OPERATIONS COMMITTEE MEETING TP EQUIPMENT REPLACEMENT PROGRAM, DP 7265: Capital Improvements Budget (CIB): FY 14 -15 CIB Budget Amount $ 1,268,100 Total Estimated Project Budget: $ 1,268,100 Current Estimate to complete project: Current Amount Spent To Date $ 1,238,300 HVAC Design (MCB, Headworks, MCC 42) $ 35,000 HVAC Equipment (Headworks) $ 35,000 Flowserve 3WHP Pumps (Pump, Installation) $ 73,800 Network Switches $ 30,000 New Estimated Project Budget: $ 1,412,100 64.64 ovmovr) Project was initiated in 2007 and has purchased several items such as primary sludge pumps, back up UPS systems, spare particulate filters for the standby engines, strainers for the 3WLP system, DAFT scum arms, replacement VFD's, and other equipment through the treatment plant. Estimated project overrun of $144,000 (11.3 %) due to the following: MCC 42 and MCB HVAC work, these items are in poor condition and are failing. Replacement is needed prior to the summer. Complete payment for work on the new 3 -water high pressure pump and network switches. Staff has conducted a budget analysis of the FY 2014 -15 Treatment Plant program and concluded that there are sufficient funds as shown in the following table: FY 2014 -15 Allocation Budget TP Program Authorized Estimated Allocations for Projects, Includes Contingency. $ 4,486,000 Supplemental Board Authorizations $ 519,450 Allocations Returned from Closeouts $ 0 Total Board Authorized FY 2014 -15 Allocations $ 5,005,450 FY 2014 -15 Allocations to Date $ 2,160,900 This Allocation for DP 7265 overrun $ 144,000 Remaining Unallocated Budget $ 2,700,550 Project will be closed after this work is completed.