Agenda

Back to Calendar Return

AI- 44735

Commissioners Court

Meeting Date:	04/23/2018
Budget Adjustment to correct negative balance in the City of Frisco's 2007 Bond Project #07-024, El Dorado from Preston to Custer
Submitted By:	Tracy Homfeld
Department:	Engineering
Request Type:	CONSENT	Agenda Area:	Budget Adj/Amend

Information

Department Action

The above mentioned Budget adjustment is being requested to correct a negative balance that was created in the City of Frisco’s 2007 Bond Project #07-024, El Dorado from Preston to Parkway. The negative was created in the encumbrance of the 2015 ILA for their project #07-026, Coit Rd from panther Creek to US 380. In that ILA, the city requests savings to be transferred from the project #07-024 to #07-026 but goes on to say that those savings had already been received by the city. That should have triggered the need for a journal entry from one project to another, however an actual budget adjustment was done to move the funds which caused the negative balance.

Therefore we are asking to correct this by doing the following:

MOVE $98,602

FROM: 435-7530-680.92-80 / 07-026

TO: 435-7530-680.92-80 / 07-024

Purchasing Department Action

No action by Purchasing.

HR and/or IT Action

Budget Department Action

Budget Adjustment in the amount of $98,602 to correct the negative in City of Frisco Project 07-024. See fiscal impact tab for Budget Adjustment details. Bond Fund (435).

Auditor's Office Action

Bond funds available. Budget amendment will be processed upon approval.

Commissioners Court

$98,602 to reallocate funds to correct the negative balance in the City of Frisco’s 2007 Bond Project No. 07-024, El Dorado from Preston to Custer, Engineering.

Budget Information

Information about available funds

Budgeted:

Funds Available:

Adjustment:

Amount Available:

$98,602

Unbudgeted:

Funds NOT Available:

Amendment:

Account Code(s) for Available Funds
1:	435-7530-680.92-80/ 07-024

Fund Transfers

Trans Amt:

$98,602

From:

435-7530-680.92-80 / 07-026

To:

435-7530-680.92-80 / 07-024

Dept. Name:

Additional Line Items:

Remarks:

FY18 Budget Adjustment Totaling $98,602.

Attachments
Court Order
Memo