Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) to cover water utilities engineering professional services, Local Government Codes 111.070 and Fund Balance Policy. [Requested by Tomas Sanchez, Water Utilities Director; Fund #7200 (Water Utility)]
Acct. Number
Acct. Name
Request
From:
7200-259700
Fund Balance
$977,124
To:
7200-7280-001-432001
Professional Services
$977,124
Issue: Budget Line item transfer is needed to Garver LLC engineering professional services contract.
Solution: As per fund balance policy for one-time expenditures that are non-recurring in nature, transfer of funds is needed to cover project.
Result: There will be sufficient funds to cover professional services contract and issue purchase order.