Commissioners Court Meeting

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Meeting Date:	10/26/2020
Budget Amendment Line Item Transfer
Submitted for:	Rosie Rodman	Submitted By:	Rosie Rodman
Department:	Administrative Services

Subject:

Discussion and possible action to approve by Order the following budget amendment (Line Item Transfer) from operational reserve to Property Casualty Premium Account #1001-1180-001-452012 in the amount of $200,000.00.

Issue: Funds available in account will cover cost needed to continue payment of premiums for Property & Casualty Insurance for Webb County assets.

Solution: The Commissioner's court approval of the account line item transfer will provide the necessary funds to cover operational services for insurance coverage.

Result: There will be sufficient funds in the mentioned line item transfer which will allow for a continuation of coverage.

Background:

N/A

Previous Court Action:

N/A

Fiscal Impact

Budget Account Number:	1001-1180-001
Funding Source:	452012
Balance:	200,000.00
Financial Impact:
Transfer $200,000.00 into Property and Casualty

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