Commissioners Court Meeting

Issue viewing agenda items? Click here to switch to the old format.

Return to the Minutes Page

Meeting Date:	07/13/2020
Submitted for:	Carlos Guerra	Prepared by:	Carlos Guerra
Department:	Auditor

Subject:

Discussion and possible action to ratify, by Order, the following budget amendment (line item transfer) within the Debt Service fund:

	Acct. Number	Acct. Name	Adopted	Request	Current	End Bal.
From:	4100-9060-001-483003-270	Capital Lease SHI-Finance	$85,000	$686	$85,000	$84,314
To:	4100-9070-001-483037-270	Lease Interest SHI-Finance	$15,000	$686	$15,000	$15,686

Issue: Line item transfer is needed to cover first payment to Shi-Government Solutions Inc. within allocated principal and interest line item accounts for lease.

Solution: With court approval of line item transfer, expenses for the remainder of the fiscal year will be covered.

Result: There will be sufficient funds to cover current payment from appropriate accounts.

Fiscal Impact

Budget Account Number:	4100-9060-001-483003
Funding Source:	Debt Service
Balance:	100,000
Financial Impact:
none.

Attachments
SHI Payment