Commissioners Court Meeting
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Meeting Date:
05/10/2021
Submitted for:
Samantha Sanchez
Prepared by:
Samantha Sanchez
Department:
Risk Management
Subject:
Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) within the General fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1180-001-452021
Property Casualty Premium
$875,000
$30,000
$58,870
$28,870
1001-1130-001-431007-010
Operational Reserve
$111,011.08
To:
1001-1180-001-452007
Claims Paid
$200,000
$141,011.08
$6,489.83
$147,500.91
Issue:
Several locations are pending repairs for damages due to the winter storm. The cost of the repairs exceeds the balance on the Claims Paid account, resulting in no funds available for the remaining for the fiscal year.
Solution:
Request the court approval to transfer funds to repair damages and fund the Claims Paid account for the remainder of the fiscal year.
Result:
Account will be adequately funded to finish the fiscal year.
Fiscal Impact
Budget Account Number:
1001-1180
Funding Source:
452012
Balance:
28,870
Financial Impact:
Operational Reserve 1001-1130-431007-010 $30,000.00
Attachments
expense quotes
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