Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) within Grant Funds; and any other matters incident thereto: [Requested by Sheriff Martin Cuellar; Grant Fund #2468-3010 (Peace Officers)]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
2468-3010-001-413000
Overtime
$531,202
$3,135
$277,840.42
$274,705.42
2468-3010-001-422000
FICA County Share
$40,659
$279
$21,296.63
$21,017.63
2468-3010-001-425000
Unemployment Tax
$3,511
$277
$1,872.76
$1,595.76
2468-3010-001-426000
Worker Compensation
$15,953
$108
$8,352.13
$8,244.13
$3,799
To:
2468-3010-001-423000
Retirement County Share
$65,405
$3,799
$33,674.12
$37,473.12
Issue: There was an increase in the retirement rate for the County's contribution.
Solution: Request a line item transfer.
Result: The line item transfer will avoid deficits in the retirement accounts for the peace officers.
Fiscal Impact
Budget Account Number:
2468
Funding Source:
Grant Revenue
Balance:
Various
Financial Impact:
This LIT concerns a grant; thus, there is no impact to the general fund.