The fiscal impact to the water fund is estimated to be $1,308,685.00. The fiscal impact consists of the following:
· Bid Cost - $1,165,500.00
· 10% Change Order Allowance - $116,500.00
· Consultant Survey & Design - $26,635
The Capital Project is budgeted in account 7040-5406-402010-C on page 162 of the 2020/2021 budget in the amount of $1,035,000.00. An additional $273,685.00 will need to be appropriated from the Water Departments unreserved retained earnings to cover the difference in the contract cost.