Commissioners Court Meeting
Meeting Date:
01/13/2020
Submitted for:
Lizette Torres
Prepared by:
Lizette Torres
Department:
Auditor
Subject:
Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) within Debt Service Fund #4100:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
4100-9070-001-483037-265
Interest (Key Govt)
$33,000
$20,565
$30,478
$9,913
To:
4100-9060-001-483003-265
Principal (Key Govt)
$192,000
$20,565
$0
$20,565
Issue:
Line item transfer is needed to cover first payment to Key Government Finance within allocated principal and interest line accounts.
Solution:
With Court approval of line item transfer, expenses for the reminder of the fiscal year will be covered.
Result:
There will be sufficient funds to cover current and projected expenditures.
Fiscal Impact
Budget Account Number:
4100
Funding Source:
Debt Service
Balance:
n/a
Financial Impact:
none