Commissioners Court Meeting

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Meeting Date:	10/08/2021
School Fund
Submitted for:	Carlos Guerra	Submitted By:	Carlos Guerra
Department:	Auditor

Subject:

Discussion and possible action to approve a budget amendment by increasing revenues and expenditures in the amount of $2,220,792.00 for new revenues received for the Available and Permanent School Funds as of September 30, 2021 in accordance with Texas Local Government Code, Section 111.07075 (special budget for Revenue Received after Start of Fiscal Year). [Fund #5100/5200 (Available and Permanent School Funds)]

Revenue G/L Account Number	G/L Account Name	Amount
5100-8010-362200	Grazing Lease	$185,678.00
5200-1250-362100	Royalties	$2,035,114.00
Expenditure G/L Account Numbe	G/L Account Name	Amount
5100-8010-001-480001	L.I.S.D.	$59,045.00
5100-8010-001-480002	U.I.S.D.	$125,890.00
5100-8010-001-480003	Webb Consolidated	$743.00
5200-8010-001-480001	L.I.S.D.	$647,166.00
5200-8010-001-480002	U.I.S.D.	$1,379,807.00
5200-8010-001-480003	Webb Consolidated	$8,141.00
Total		$2,220,792.00

Issue: Increase FY-2021 budget to cover future expenditures. Funding available in the fund balance account.

Solution: Appropriate new expenditures to be used for the purpose of program expenditures.

Result: Finalize special budget using FY-2021 proceeds for the purpose stated on this agenda item.

Background:

n/a

Previous Court Action:

n/a

Fiscal Impact

Budget Account Number:	5100/5200
Funding Source:	School Funds
Balance:	n/a
Financial Impact:
n/a

Attachments
School Funds