Subject:
Title
Resolution amending the Fiscal Year 2025 Capital Budget to Realign Appropriations for Capital Projects in the American Rescue Plan Act and Capital Projects Funds and to Recognize Unanticipated Receipt of Funds in the American Rescue Plan Act Fund.
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Recommended Action:
Recommended Action
Adopt the attached amendment by resolution for Fiscal Year (FY) 2025 to realign appropriations for Capital Improvement Program (CIP) projects in the American Rescue Plan Act (ARPA) and Capital Projects Funds and to recognize and appropriate unanticipated receipt of funds in the ARPA Fund.
• The Resolution realigns $7,276,190.00 from CIP projects in the ARPA Fund: Countywide Electric Vehicles Infrastructure Master Plan (006032A), 22nd Avenue South - 51st Street South to 34th Street South Roadway Improvement (000087A), High Point Community Park (002998A), Dansville Community Park (006025A), Lake Seminole Park Trail Extension (006031A), South Cross Bayou Dewatering Improvements (002166A), South Cross Bayou Denitrification Filter Rehab (003408A), and Manufactured Home Communities Wastewater Collection System Improvements (005015A).
• The Resolution realigns $8,052,787.00 within the ARPA Fund from forementioned CIP projects and unanticipated revenue to CIP projects: Stormwater Starkey Facility M10 Modification (003900A), 46th Avenue North from 49th Street North (CR 611) to 38th Street North Roadway Improvements (002131A), Highpoint: Russell Avenue Connection (006030A), Safe Routes to School (006033A), Rehabilitation of 119th Street Overflow Area-North Garden in Ridgecrest (006024A) and Septic to Sewer Program Phase 1 (006052A).
• The Resolution realigns $1,197,290.00 within the Capital Fund from Stormwater Starkey Facility M10 Modification (003900A) and Safe Routes to School (006033A) to Countywide Electric Vehicles Infrastructure Master Plan (006032A), Baypointe Stormwater Conservation Area (003435A), Dansville Community Park (006025A), and Lake Seminole Park Trail Extension (006031A).
• The Resolution recognizes $776,597.00 in unanticipated revenue in the ARPA Fund. This is a net of unanticipated revenue less expenditures which exceeded FY24 appropriations due to projects that progressed ahead of schedule.Body
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Strategic Plan:
Deliver First Class Services to the Public and Our Customers
5.2 Be responsible stewards of the public’s resources
5.3 Ensure effective and efficient delivery of county services and support
Summary:
Summary
The attached resolution aims to ensure ARPA funding awarded to the County will meet the ARPA encumbrance deadline of December 31st, 2024.
Through this resolution CIP projects with a remaining ARPA allocation that have not been encumbered or spent would have the balance of this unspent or unencumbered allocation reappropriated to other CIP projects in the ARPA Fund that will have this allocation encumbered by the deadline. Available ARPA funding to be reappropriated through this resolution includes unanticipated revenue that is a result of unexpended balances of appropriations at the end of FY24 less expenditures that exceeded FY24 appropriations due to projects that progressed ahead of schedule.
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Background Information:
The intent of the attached resolution is to reappropriate ARPA funding for CIP projects, that has not been encumbered or spent, to other ARPA funded CIP projects that are on track to meet both the ARPA obligation deadline of December 31st, 2024 and the ARPA expenditure deadline of December 31st, 2026, to ensure awarded ARPA funding is spent.
ARPA funding is available for realignment due to projects completing under budget, awarded contractor agreements that came in under estimate, and ARPA funding budgeted for future County staff time or in-house costs that will be replaced with another funding source (Penny for Pinellas) that is not restricted to the December 31, 2024 ARPA encumbrance deadline.
Unanticipated revenue to be recognized in the ARPA Fund for FY25 is a net result of unexpended balances of appropriations at the end of FY24 less expenditures exceeding appropriations at the end of FY24 due to projects that progressed ahead of schedule.
Fiscal Impact:
The attached resolution will:
• Recognize $776,597.00 in unanticipated revenue in the ARPA Fund for FY25. This is a net result of unexpended balances of appropriations at the end of FY24 less expenditures exceeding appropriations at the end of FY24 due to projects that progressed ahead of schedule.
• Realign $7,276,190.00 from CIP projects in the ARPA Fund in FY25: Countywide Electric Vehicles Infrastructure Master Plan (006032A) $435,000.00; 22nd Ave S - 51st St S to 34th St S Roadway Improvement (000087A) $410,000.00; High Point Community Park (002998A) $1,191,520.00; Dansville Community Park (006025A) $1,543,300.00; Lake Seminole Park Trail Extension (006031A) $300,000.00; South Cross Bayou Dewatering Improvements (002166A) $1,420,080.00; South Cross Bayou Denitrification Filter Rehab (003408A) $1,808,100.00; and Manufactured Home Communities Wastewater Collection System Improvements (005015A) $168,190.00.
• Realign $8,052,787.00 from forementioned CIP projects and unanticipated revenue to CIP projects in FY25: Stormwater Starkey Facility M10 Modification (003900A) $2,172,660.00; 46th Ave N from 49th St N. (CR 611) to 38th St N. Roadway Improvements (002131A) $674,000.00; Highpoint: Russell Ave Connection (006030A) $800,000.00; Safe Routes to School (006033A) $2,255,207.00; Rehabilitation of 119th St Overflow Area-North Garden in Ridgecrest (006024A) $2,045,920.00; and Septic to Sewer Program Phase 1 (006052A) $105,000.00.
• Resolution will realign $1,197,290.00 within the Capital Fund from Stormwater Starkey Facility M10 Modification (003900A) $762,290.00 and Safe Routes to School (006033A) $435,000.00 to Countywide Electric Vehicles Infrastructure Master Plan (006032A) $435,000.00, Baypointe Stormwater Conservation Area (003435A) $62,290.00, Dansville Community Park (006025A) $400,000.00, and Lake Seminole Park Trail Extension (006031A) $300,000.00.
Staff Member Responsible:
Kristen Pittman, Budget and Financial Management Analyst
Auria Oliver, Grants Budget Manager
James Lewis, Budget and Financial Management Analyst
Gabriella Gonzalez, Budget and Financial Management Analyst
Andrew Brown, Capital Budget Manager
Chris Rose, Director, Office of Management and Budget
Partners:
N/A
Attachments:
Resolution
Notice of Public Hearing
Combined Notice of Public Hearing Backup
Combined Resolution Backup
New ARPA Allocations
Budget Amendment Checklist