Commissioners Court Meeting
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Meeting Date:
07/13/2020
Submitted for:
Carlos Guerra
Prepared by:
Carlos Guerra
Department:
Auditor
Subject:
Discussion and possible action to ratify, by Order, the following budget amendment (line item transfer) within the Debt Service fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
4100-9060-001-483003-270
Capital Lease SHI-Finance
$85,000
$686
$85,000
$84,314
To:
4100-9070-001-483037-270
Lease Interest SHI-Finance
$15,000
$686
$15,000
$15,686
Issue:
Line item transfer is needed to cover first payment to Shi-Government Solutions Inc. within allocated principal and interest line item accounts for lease.
Solution:
With court approval of line item transfer, expenses for the remainder of the fiscal year will be covered.
Result:
There will be sufficient funds to cover current payment from appropriate accounts.
Fiscal Impact
Budget Account Number:
4100-9060-001-483003
Funding Source:
Debt Service
Balance:
100,000
Financial Impact:
none.
Attachments
SHI Payment
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