Commissioners Court Meeting
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Meeting Date:
11/22/2021
Election Contract Fund Deficit
Submitted for:
Carlos Guerra
Submitted By:
Carlos Guerra
Department:
Auditor
Subject:
Discussion and possible action to approve, by order, a budget line item transfer in the amount of $267,940.17 from the Operational Reserve - Payroll Savings effective September 30, 2021, and transfer out to Election Service Contracts; and any other matters incident thereto.
[Fund #2010 (Election Service Contracts)]
Issue:
Bank Reconciliations are pending since November 2020. General ledger records show a cash fund deficit of $267,940.47.
Solution:
Budget amendment and transfer of funds from General Fund is needed to complete bank reconciliations and eliminate cash fund deficit thru September 30, 2021.
Result:
Elections Office bank account will be reconciled and cash fund deficit eliminated.
Background:
n/a
Previous Court Action:
n/a
Fiscal Impact
Budget Account Number:
1001-1130-001-431007
Funding Source:
General Fund
Balance:
n/a
Financial Impact:
$267,940.17
Attachments
Elections Deficit report TB
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