Commissioners Court Meeting

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Meeting Date:	02/24/2020
Submitted for:	Rafael Perez	Prepared by:	Carlos Guerra
Department:	Auditor

Subject:

Discussion and possible action to ratify, by Order, the following FY-2019 budget amendment (line item transfer). [Requested by Rafael Perez, Auditor]

	Acct. Number	Acct. Name	Adopted	Request	Current	End Bal.
From:	7100-9050-001-482001-175	Principal Series 2010	$5,353	$2,744	$5,353	$2,609
To:	7100-9050-001-482401-240	Interest Series 2019A	$0	$2,744	$5,488	$8,232

Issue: Line item transfer is needed to cover interest payment accrual for 2019 bond series.

Solution: In order to process year-end transactions, funding was identified as approved by Commissioners Court on September 23, 2019, to allow Auditors Office and Budget Officers to enter and post budget amendments.

Result: Funds were transferred to cover pending interest accrual and properly classify the expenses in FY 2019.

Fiscal Impact

Budget Account Number:	7100
Funding Source:	7100
Balance:	n/a
Financial Impact:
n/a