Commissioners Court Meeting

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Meeting Date:	11/14/2016
Debt Service Fund
Submitted for:	Rafael Perez	Submitted By:	Lizette Torres
Department:	Auditor

Subject:

Discussion and possible action to amend the 2017 budget for the Debt Service Fund to record the $1,054,467 savings and create a new debt service payment requirement for the refunded Debt, Certificates of Obligation Series 2016, and the Limited Tax Refunding Series 2016A and 2016B sources and uses.

Issue: The Debt Service payment requirements are overstated compared to the fund balance and revenues estimated for 2017 fiscal year.

Sloution: Incorporate the revised debt service payment requirement in the 2017 adopted budget.

Result: The amendment will reflect a balanced budget for budgetary and financial reporting that will agree to the debt service payment requirement for 2017 fiscal year.

Background:

n/a

Previous Court Action:

Fiscal Impact

Budget Account Number:	n/a
Funding Source:	n/a
Balance:	n/a
Financial Impact:
N/A

Attachments
Debt Service