Agenda

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AI- 48758

Commissioners Court

Meeting Date:	08/10/2020
Allocation of FY 2020 Bond Funds
Submitted By:	Monika Arris
Department:	Budget/Finance
Request Type:	CONSENT	Agenda Area:	Budget Adj/Amend

Information

Department Action

Discussion and any action regarding approval of a budget amendment to allocate 2020 bond funds to road and open space bond projects.

Purchasing Department Action

No action by Purchasing.

HR and/or IT Action

Budget Department Action

The County authorized the issuance of $111.8 million in proposition A road bonds, $62.5 million in proposition B road bonds, and $2 million in bonds for park & open space projects in May 2020 (CO# 2020-398-05-11). The proceeds from the bond sale have been received. Funds need to be allocated to expenditure budgets to begin work on these projects. Budget Amendment attached to establish the budgets as presented on May 11, 2020.

Auditor's Office Action

Bond funds available.

Commissioners Court

$176,300,000 to allocate 2020 bond funds to roads and open space bond projects, Budget.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

176,300,000

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:	see attached BA

Fund Transfers

Remarks:

FY 2020 Budget Amendment in the amount of $176,300,000.

Attachments
Court Order
Journal Proof