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