Commissioners Court Meeting

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Meeting Date:	07/26/2021
Submitted for:	Melinda Mata	Prepared by:	Melinda Mata
Department:	County Judge

Subject:

Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) to transfer funds between General Fund and Former HEB Project Fund, Local Government Codes 111.070 and Fund Balance Policy. [Funds #1001 and #3867]

	Acct. Number	Acct. Name	Adopted	Request	Current	End Bal.
From:	1001-259700	Fund Balance		$1,181,036
To:	3867-7230-001-474501-002	Construction in Progress	$4,454,400	$1,181,036	$4,569,123	$5,750,159

Issue: Budget Line item transfer is needed to transfer funds out from General Fund’s fund balance reserves to Former HEB Project fund in order to cover construction contract in the amount of $6,078,801.

Solution: As per fund balance policy for one-time expenditures that are non-recurring in nature, and with court approval of budget amendment, transfer of funds is needed from General Fund to HEB project fund.

Result: There will be sufficient funds to cover construction contract and issue purchase order.