Commissioners Court Meeting
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Meeting Date:
12/14/2020
Submitted for:
Carlos Guerra
Prepared by:
Carlos Guerra
Department:
Auditor
Subject:
Discussion and possible action to approve, by Order, the following budget amendment (line item transfer).
[Fund 4100-Debt Service Fund]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
4100-9020-001-482401-160
Interest Exp.- 2012 Limited Tax Ref. Bond
$150,815
$73,097
$150,815
$77,718
4100-9020-001-482401-165
Interest Exp.- 2013 Certificates of Obligation
$565,870
$319,329
$565,870
$246,541
Total
$392,426
To:
4100-9020-001-482401-260
Interest Exp.- 2020 Limited Tax Ref. Bond-B
$0
$177,982
$0
$177,982
4100-9020-001-482401-255
Interest Exp.- 2020 Certificates of Obligation
$0
$214,444
$1,100,000
$1,314,444
$392,426
Issue:
Line item transfer is needed to cover first payment to 2020 Certificates of Obligations and 2020 Limited Tax Refunding Bonds within allocated interest line item accounts.
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
Funding Source:
Debt Service
Balance:
n/a
Financial Impact:
n/a
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