Discussion and possible action to allow the Economic Development Department to submit the following budget amendment (line item transfers) contingent upon the Texas Department of Housing and Community Affairs (TDHCA). Funds are being transfer from the administration line item in the amount of Four Hundred Forty-Three Thousand Five Hundred Sixty Dollars ($443,566.00) to the construction line item. The following budget amendment (line item transfers) is within Grant funds. [Requested by Economic Development; Fund #3520 TDHCA CARES Rio Bravo Health Center]
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
3520-1150-001-410000 |
Payroll Cost |
$317,433.00 |
$303,738.00 |
$317,433.00 |
$13,695 |
| |
3520-1150-001-421000 |
Health Life Insurance |
$21,788.00 |
$20,848.00 |
$21,788.00 |
$940.00 |
| |
3520-1150-001-422000 |
FICA County Share |
$24,284.00 |
$23,236.00 |
$24,284.00 |
$1,048 |
| |
3520-1150-001-423000 |
Retirement County Share |
$41,779.00 |
$39,977.00 |
$41,779.00 |
$1,802 |
| |
3520-1150-001-425000 |
Unemployment |
$1,675.00 |
$1,603.00 |
$1,675.00 |
$72.00 |
| |
3520-1150-001-426000 |
Workers Compensation |
$9,522.00 |
$9,111.00 |
$9,522.00 |
$411.00 |
| |
3520-1150-001-443070 |
Pre-Contract Cost |
$10,000.00 |
$9,569.00 |
$10,000.00 |
$431.00 |
| |
3520-1150-001-454000 |
Advertisement |
$3,000.00 |
$2,870.00 |
$3,000.00 |
$130.00 |
| |
3520-1150-001-461000 |
Materials & Supplies |
$34,085.00 |
$32,614.00 |
$34,085.00 |
$1,471.00 |
| |
|
|
|
$443,566.00 |
|
|
| To: |
3520-7230-001-470000 |
Capital Outlay |
$3,565,892.48 |
$443,566.00 |
$3,565,892.48 |
$4,009,458.48 |
Issue: Funds are needed to cover construction costs.
Solution: In order to cover construction costs, administration funds must be moved to the construction line item.
Result: Submit a budget amendment to the Texas Department of Housing & Community Affairs (TDHCA) |