Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) within the General fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1130-001-431007-010
Operational Reserve
$241,413
To:
1001-1130-001-432064
Appraisal District Cost
$1,293,328
$241,413
$142,272.25
$383,685.25
Issue: Webb County Appraisal District sent a finalized cost estimate in December 2023 after the budget was adopted for FY 23-24. This estimate created a shortage in this line item.
Solution: Transfer the necessary funds to complete the 4th quarterly payment that is due in September.
Result: Sufficient monies to complete the debt obligation.