Discussion and possible action to approve a Budget Amendment to carry over the amount of $1,041,716.30 for Fund 644 (Loop 20 Extension Project) for year 2017 beginning March 1, 2017. [Account #644-8001-3501 (Grant Revenue) and Account #644-8001-6022 (Professional Services)] [Requested by Budget Officers]
Issue: Fund 644, Loop 20 Extension Project, has a year-end closure of February 2017. That means that the ending balance as of February 2017 needs to be carried over to the following year beginning March 2017.
Solution: Approval through Commissioners Court as per approved Agenda Item No. 47 approved February 27, 2017, that any and all budget amendments shall be conducted only by the budget officers.
Result: Court approval and continuation of fund usage.