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Meeting Date:	10/15/2019
BUDGET AMENDMENT - CARRYOVER AMOUNT
Submitted for:	Martha Palacios	Submitted By:	Martha Palacios
Department:	Engineering

Subject:

Discussion and possible action to ratify a budget amendment by increasing revenues and expenditures in the amount of $5,670,008.19 for new revenues (carryover amount) received for the Engineering Department's Grant Fund No. 3720 County Transportation Infrastructure Fund Grant Program (C.T.I.F.). This is required by court policy but does not impact the grant;and, therefore, does not require notification to/approval by funding agency in accordance with Texas Local Government Code Section 111.07075. (Special Budget for Revenue Received after Start of Fiscal Year). The Financial information has been certified by the Auditor's office; and any other matters incident thereto.

Account Number	Account Name	Carried Over Budget
3720-7230-330300	Grant Revenue	$5,103,007.27
3720-7230-337200	Revenue from Webb	$567,000.92
		$5,670,008.19

3720-1150-001-431002-035	Administrative Expense	$43,750.00
3720-7230-001-432001	Professional Services	$443,134.19
3720-7230-001-47000	Capital Outlay	$5,183,124.00
		$5,670,008.19

Issue: This grant funding is available until September 30, 2019. Newly implemented procedures require year end balances to be carried over and entered in the system in order to continue the availability of these grant funds during the new fiscal year.

Solution: In order to carry over grant funds, this carry over agenda item must be approved by the court.

Result: Approval of this agenda item for the continued availability of these grant funds.

Background:

N/A

Previous Court Action:

N/A

Fiscal Impact

Budget Account Number:	0
Funding Source:	0
Balance:	0
Financial Impact:
No Financial Impact