Discussion and possible action to approve the following budget amendment (line item transfer) to cover shortfall for retirees payout approved for fiscal year 2023; and any other matters incident thereto.
Account Number
Account Name
Amount
From:
1001-1130-001-431007-010
Operational Reserve
$54,382
To:
1001-1130-001-452101
TCDRS Retire COLA Contribution
$54,382
Issue: Shortfall in funds for retirees increase
Solution: Transfer as above stated.
Result: Count will save money by paying in one lump sum.