Discussion and possible action to approve, by Order, a budget amendment in the amount of $645.20 (Head Start only) for auction sale revenue received on September 30, 2018 in accordance with the Texas State Local Government Code, Sub-Chapter C; Section 111.07075 (Special Budget for Revenue Received After Start of Fiscal Year) for the purpose of using proceeds towards the Head Start program. [Revenue Account #2357-1150-357420 – Expenditure Account #2357-1150-531-431002]
Issue: Auction proceeds were incurred on 9/30/2018, these revenues were not anticipated before the adoption of the FY 2019 Budget.
Solution: Appropriate a portion of the proceeds to be used for the purpose of funding Head Start program expenditures.
Result: Finalize special budget using auction proceeds incurred on 9/30/2018 for the intended purpose stated on this agenda item.
Background:
After auction fee, was reduced the County deposited total proceeds of $645.20. Only Head Start revenue is being requested to be adopted for the intended purpose of program expenditures for an overall total of $645.20 as needed in accordance with State law and grant regulations.
Previous Court Action:
None.
Fiscal Impact
Budget Account Number:
2357-1150-531-431002
Funding Source:
Administrative Exp.
Balance:
$645.20
Financial Impact:
2357-1150-531-431002 $645.20 Total amount to adopt under Section 111.07075 (Special Budget) - $645.20