Commissioners Court Meeting
Issue viewing agenda items? Click here to switch to the old format.
Print
Return to the Minutes Page
Meeting Date:
03/11/2024
Submitted for:
Angelica Morales
Prepared by:
Angelica Morales
Department:
Auditor
Subject:
Discussion and possible action to ratify, by Order, the following budget amendment (line item transfers) to process the first annual payment due for the financing of two John Deere Motorgraders approved by Commissioners Court on February 13, 2023:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
2007-7140-001-469001
Operating Lease
$340,355.00
$193,987.80
$340,355.00
$146,367.20
To:
4100-9060-001-483003-350
Capital Lease (2) John Deer 622 G
$0.00
$156,352.94
$0.00
$156,352.94
4100-9070-001-483037-350
Lease Purchase Interest Capital
Lease - (2) 2022 John De
$0.00
$37,634.86
$0.00
$37,634.86
$193,987.80
Issue:
Commissioners Court authorized a heavy equipment acquisition and public property finance contract with first payment due one year after the contract was executed.
Solution:
With Commissioners Court ratification of the budget amendment (line item transfer), accounts will have sufficient funds.
Result:
Meet the County's obligation for acquisition of Road & Bridge heavy equipment.
Fiscal Impact
Budget Account Number:
2007-7140-001-469001
Funding Source:
2007
Balance:
340,355
Financial Impact:
n/a
AgendaQuick ©2005 - 2024 Destiny Software Inc. All Rights Reserved.