Discussion and possible action to allow the Economic Development Department to submit the following budget amendment (line item transfers) contingent upon the Texas Department of Housing and Community Affairs (TDHCA). Funds are being transfer from the administration line item in the amount of Four Hundred Forty-Three Thousand Five Hundred Sixty Dollars ($443,566.00) to the construction line item. The following budget amendment (line item transfers) is within Grant funds. [Requested by Economic Development; Fund #3520 TDHCA CARES Rio Bravo Health Center]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
3520-1150-001-410000
Payroll Cost
$317,433.00
$303,738.00
$317,433.00
$13,695
3520-1150-001-421000
Health Life Insurance
$21,788.00
$20,848.00
$21,788.00
$940.00
3520-1150-001-422000
FICA County Share
$24,284.00
$23,236.00
$24,284.00
$1,048
3520-1150-001-423000
Retirement County Share
$41,779.00
$39,977.00
$41,779.00
$1,802
3520-1150-001-425000
Unemployment
$1,675.00
$1,603.00
$1,675.00
$72.00
3520-1150-001-426000
Workers Compensation
$9,522.00
$9,111.00
$9,522.00
$411.00
3520-1150-001-443070
Pre-Contract Cost
$10,000.00
$9,569.00
$10,000.00
$431.00
3520-1150-001-454000
Advertisement
$3,000.00
$2,870.00
$3,000.00
$130.00
3520-1150-001-461000
Materials & Supplies
$34,085.00
$32,614.00
$34,085.00
$1,471.00
$443,566.00
To:
3520-7230-001-470000
Capital Outlay
$3,565,892.48
$443,566.00
$3,565,892.48
$4,009,458.48
Issue: Funds are needed to cover construction costs.
Solution: In order to cover construction costs, administration funds must be moved to the construction line item.
Result: Submit a budget amendment to the Texas Department of Housing & Community Affairs (TDHCA)