Discussion and possible action to approve, by Order, the following General Fund budget amendment (line item transfer) in the amount of $555,616.37 from Operational Reserve (Acct. #1001-1130-001-431007-005) to Capital Outlay Accounts pursuant to Section 111.070 (c)(1) of the Texas Local Government Code which allows the Commissioners Court to transfer from one budget item to another without authorizing an emergency expenditure and any other matters incident thereto. [Fund #1001]
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
1001-11-30-001-431007-005 |
Operational Reserve |
$1,702,4000 |
$555,616.37 |
$1,695,952 |
$1,140,335.63 |
| To: |
1001-3010-001-470000 |
Capital Outlay |
$2,388,657 |
$313,552.89 |
$1,474,124.32 |
$1,787,677.21 |
| |
1001-3150-001-470000 |
Capital Outlay |
$607,200 |
$95,175.80 |
$329,618.88 |
$424,794.68 |
| |
1001-3160-001-470000 |
Capital Outlay |
$303,281 |
$52,813.13 |
$164,359.85 |
$217,172.98 |
| |
1001-3170-001-470000 |
Capital Outlay |
$303,281 |
$38,091.85 |
$164,359.85 |
$202,451.70 |
| |
1001-3180-001-470000 |
Capital Outlay |
$378,726 |
$55,982.70 |
$205,562.06 |
$261,544.76 |
Issue: Commissioners Court authorized the Purchasing Agent to secure a financing option to purchase the necessary law enforcement equipment of 20 leased units for Sheriff and Constable Offices. Vehicles have not been received and purchase orders have not been paid. Financing funding was received in FY 2018 (July 17, 2018) and it is part of the fund balance.
Solution: Appropriate expenditures to be recorded in order to liquidate purchase orders when vehicles are received.
Result: Increase budget for capital outlay expenditures and liquidation of open purchase orders. |