Commissioners Court Meeting

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Meeting Date:	07/10/2023
Election Contract Deficit
Submitted for:	Rafael Perez	Submitted By:	Angelica Morales
Department:	Auditor

Subject:

Discussion and possible action to approve, by order, a budget line item transfer in the amount of $75,000 for actual revenues over budget for Election Service Contracts (Fund #2010); and any other matters incident thereto. [Account #2010-1110-341100-005 Election Contractual Fees City of Laredo $37,500.00, Account #2010-1110-341100-010 Election Contractual Fees Laredo College $37,500.00, Account #2010-1110-001-451201 Election Expense $75,000.00]

Issue: Bank Reconciliations are pending since April 2023. General ledger records show a cash fund deficit of $75,000.

Solution: Budget amendment is needed to complete bank reconciliations and eliminate cash fund deficit through September 30, 2023.

Result: Elections Office bank account will be reconciled and cash fund deficit eliminated.

Background:

n/a

Previous Court Action:

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Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	0
Financial Impact:
n/a