Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) from the Texas Department of Transportation Fund (TxDOT) 3720 County Transportation Infrastructure Fund Grant (CTIF) Contract No. CTIF-01-240. [Requested by Luis Perez Garcia, Engineer]
| |
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
| From: |
3720-7230-001-421000 |
Health Life Insurance |
$50,050.00 |
$4,128.00 |
$46,444.73 |
$42,316.73 |
| |
|
|
|
|
|
|
| To: |
3720-7230-001-410000 |
Payroll Cost |
$38,510.40 |
$3,230.47 |
$18,421.18 |
$21,651.65 |
| |
3720-7230-001-422000 |
Fica County Share |
$2,946.05 |
$83.57 |
$1,486.36 |
$1,569.93 |
| |
3720-7230-001-423000 |
Retirement County Share |
$4,451.80 |
$559.71 |
$2,101.59 |
$2661.30 |
| |
3720-7230-001-425000 |
Unemployment Tax |
$265.72 |
$24.27 |
$122.19 |
$146.46 |
| |
3720-7230-001-426000 |
Worker Compensation |
$2,664.92 |
$229.98 |
$1,275.50 |
$1,505.48 |
| |
|
|
|
$4,128.00 |
|
|
Issue: Webb County is providing in-kind services (as the county cash match) for the CTIF Espejo Gates Road Project. The initial cost provided was an estimate and Payroll funds were distributed accordingly as per Budgets approved in Commissioner Court February 10, 2020.
Solution: As part of CTIF Project closeout phase, reconciliation of fringe benefits line item amounts from original cost estimate to actual cost. This is required by Court Policy but does not impact the Grant; and, therefore, does not require notification to approval by the Funding Agency in accordance with Texas Local Government Code Section 111.07075.
Result: Transfer will reflect actual funds incurred for payroll for this project, maintaining the correct budget balances. Funds will be reimbursed to the County by TxDOT. Finish and balance project's budget for future accountability. |