Discussion and possible action to approve, by Order, the following budget amendment (line item transfers) from payroll savings for the TxDOT CTIF matching funds and for leased vehicle rentals. [Fund 2007 - Road & Bridge Fund]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
2007-7150-001-410000
Payroll Cost
$1,682,500
$132,000
$1,027,464
$895,464
To:
2007-7150-001-463901-005
Comm. Court TxDOT CTIF
$300,000
$45,000
($27,945)
$17,055
2007-7140-001-469001-005
Operating Leases Principal
$94,000
$87,000
$1,219
$88,219
$132,000
Issue: TxDOT CTIF 2020 grant award requires matching funds budgeted under Road and Bridge; and vehicle lease account is short of funs for reminder of year.
Solution: Budget line item transfer to cover the cost of CTIF-2020 match and lease payments.
Result: Grant matching funds will comply with TxDOT requirement and leases payments will be made timely.