Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) for $500,000 for the Webb County Fairgrounds Phase 2 Package 2 construction cost from interest income bond series 2020 fund balance and any other matters incident thereto: Acct. Number Acct. Name Adopted Request Current End Bal. From: 3907-259700 Interest Income Fund Balance $3,500,896 $500,000

Staff Report & Agenda Item Details

Discussion and possible action to approve, by Order, the following budget amendment (line item transfer) for $500,000 for the Webb County Fairgrounds Phase 2 Package 2 construction cost from interest income bond series 2020 fund balance and any other matters incident thereto: Acct. Number Acct. Name Adopted Request Current End Bal. From: 3907-259700 Interest Income Fund Balance $3,500,896 $500,000 $3,315,334 $2,815,334 To: 3907-7230-001-474501 Construction in Progress $37,652,836 $500,000 $10,055,772 $10,055,772 Issue: The expenditure line item requires additional funding for $500,000 to create the purchase order to be encumbered for the construction cost. Solution: Bond series interest income may be transferred to any project within the bond series to address any funding shortfall. Result: Webb County Fairground Phase 2 Package 2 construction project cost will be encumbered as authorized by the Commissioners Court. Acct. Number Acct. Name Adopted Request Current End Bal. From: 3907-259700 Interest Income Fund Balance $3,500,896 $500,000 $3,315,334 $2,815,334 To: 3907-7230-001-474501 Construction in Progress $37,652,836 $500,000 $10,055,772 $10,055,772

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 8.4/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).