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SA-5 Vault Modifications May 21, 2024 Page 2 $30,000 for the contract administration, inspection, and testing funds to complete the SA-5 Vault Modifications Project. The recommended action will increase the project contingency and contract administration, inspection, and testing by $270,000, thereby increasing the total estimated construction delivery cost to $2,257,050, as indicated in the Cost Analysis (Exhibit 4) and as summarized in the table below: Project Item Current Additional New Total Total Funding Construction Contract Bid Amount $1 ,528,500 $1 ,528,500 Construction Administration, Inspection, $229 275 $30,000 $259,275 Testing Contingencies 1 $229,275 $2401000 $469,275 TOTAL ESTIMATED CONSTRUCTION $1 ,987,050 $270,000 $2,257,050 DELIVERY COST FISCAL IMPACT As indicated in the Cost Analysis, the estimated total construction delivery cost of the project is $2,257,050, which includes the construction contract, contract administration, inspection, testing, and an authorized contingency. Funds for this action, in the amount of $270,000, are being transferred from previously appropriated funds for the Lacy Neighborhood Water Main Improvements (19-6248). The following table summarizes the funds budgeted and available in current FY 2023-24 for expenditure to deliver construction of this project. Any remaining balances not expended at the end of the fiscal year will be presented to City Council for approval of carryovers to FY 24-25 (Exhibit 5). Accounting Unit - Accounting Unit Fiscal Account No. Fund - Account No. Amount Year (Project No.) Description Description Original Project Budget Water Utility 0661 7647 — 66301 Acquisition & Capital Projects, 2023-24 (11-6413) Construction Water Capital $1,987,050 Project Previously Approved Transfer 2023-24 06617647 — 66301 Acquisition & Water Utility $270,000 (11-6413) Construction Capital Projects, City Council 10 — 2 5/21/2024