Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) within Grant funds. [Requested by Economic Development]
Acct. Number
Acct. Name
Budget
Request
Current
End Bal.
From:
3522-7230-001-432001
Professional Services
$50,000
$1,762
$50,000
$48,238
To:
3522-7230-001-470000
Capital Outlay
$840,067
$1,762
$840,067
$841,829
Issue: Funds are needed to cover construction costs.
Solution: In order to cover construction costs, left over engineering funds must be moved to the construction line item.
Result: Submit a line item transfer and a budget modification to the Texas Department of Agriculture.