Discussion and possible action to approve the following carry over budget for Grant Fund No. 3720 - County Transportation Infrastructure Fund (CTIF) in the amount of $5,670,008.19; and any other matters incident thereto. This is required by court policy but does not impact the grant; and, therefore, does not require notification to/approval by the funding agency. Thus, there is no financial impact to either the general fund or the grant. The Financial information has been certified by the Auditor's office. [No Financial Impact]
Webb County - County Transportation Infrastructure Fund (CTIF)
Account Number
Account Name
Carried Over Budget
3720-7230-330300
Grant Revenue
$5,103,007.27
3720-7230-337200
Revenue From Webb
$567,000.92
3720-1150-001-431002-035
Administrative Expense - CERTZ
$43,750.00
3720-7230-001-432001
Professional Services
$443,134.19
3720-7230-001-470000
Capital Outlay
$5,183,124.00
Issue: This grant funding is available until September 30, 2018. Newly implemented procedures require year end balances to be carried over and entered in the system in order to continue the availability of these grant funds during the new fiscal year.
Solution: In order to carry over grant funds, this carry over agenda item must be approved by the court.
Result: Approval of this agenda item for the continued availability of these grant funds.