Discussion and possible action to approve a budget amendment by increasing revenues and expenditures in the amount of $300,000.00 for new revenues (carryover amount) received for the Engineering Department's Fund No. 3721 CBI Hachar Road Extension. This is required by court policy but does not impact the grant; and, therefore, does not require notification to/approval by the funding agency in accordance with Texas Local Government Code Section 111.07075. (Special Budget for Revenue Received after Start of Fiscal Year). The Financial information has been certified by the Auditor's office; and any other matters incident thereto. [Requested by Luis Perez-Garcia, Engineer]
Account Number
Account Name
Carried Over Budget
3721-7230-330300
Grant Revenue
$240,000
3721-7230-337200
Revenue from Webb
$60,000
$300,000
3721-7230-001-432001
Professional Services
$300,000
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.