Budget Adjustment for Sale of Land to TxDOT for US380
Submitted For:
Clarence Daugherty
Submitted By:
Dawn Redwine
Department:
Engineering
Request Type:
CONSENT
Agenda Area:
Budget Adj/Amend
Information
Department Action
On January 22, 2024 and March 11, 2024 Commissioners Court approved the sale of land to TxDOT for US380 project. TxDOT has sent payment for 11 of those parcels.
The funds totaling $8,643,217.39 were received by the County Treasury and deposited into the revenue accounts for the respective project codes. The requested BA will move the funds from their revenue accounts to the expenditure accounts within the project codes that the land was purchased from.
Action Requested: It is requested that Commissioners Court authorize the budget adjustment of moving $4,723,584.00FROM4024-75030-0013-68-00-0000-432004 TO RI18017-4024-750300013-809683 $3,919,633.39 FROM 4215-75030-0013-68-00-0000-432004 TO RI18017-4215-750300013-809683
Purchasing Department Action
No action by Purchasing.
HR and/or IT Action
Budget Department Action
Funds available in the amount of $8,643,217.39 for a Budget Amendment to re-budget the funds received from TxDOT for the sale of land. See attached Budget Amendments. 2018 Bond Funds (4024 & 4215).
Auditor's Office Action
Bond funds available (4024 & 4215). Budget amendment will be processed upon approval.
Commissioners Court
$8,643,217.39 to re-budget funds received from TxDOT for the sale of land for US 380, Engineering.