Commissioners Court Meeting

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Meeting Date:	05/08/2023
FY 2022 Budget Amendments by Auditor's Office
Submitted for:	Angelica Morales	Submitted By:	Angelica Morales
Department:	Auditor

Subject:

Discussion and possible action to ratify and approve, by Order, end of fiscal year 2022 budget amendments; necessary to comply with GASB 87 Lease, payroll or fringe benefits deficits and correctly balance the General Fund expenditure budget; and any other matters incident thereto.

Issue: Departments with leases according to GASB 87 leases new definition required budget amendments for expenditures to be reclassified differently, cover departmental payroll deficits and correctly balance the General Fund expenditure budget.

Solution: In order to present the County financial information for the County annual audit, budget amendments were required to be processed for GASB Statement Number 87 Lease, departmental payroll deficits, and correctly balance the General Fund expenditure budget. The Auditor's Office will work with the Budget Officer to revise the expenditures to properly account for leases and software licenses for next year's budget.

Result: There were sufficient budget balances to process end of year budgetary entries.

Background:

n/a

Previous Court Action:

n/a

Fiscal Impact

Budget Account Number:	0
Funding Source:	0
Balance:	0
Financial Impact:
0

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