AI- 17452
22.D.1.
CC REGULAR
- Meeting Date:
- 09/15/2009
- Submitted For:
- Noe Montez, Pct. 1
- Submitted By:
- Ivan Cantu, BUDGET & MANAGEMENT
- Department:
- BUDGET & MANAGEMENT
CAPTION
Pct. #1 R & B (1201):
a. Approval of certification of revenues, as certified by County Auditor, for revenues received by the City of Mercedes in accordance with interlocal agreement between Hidalgo County and City of Mercedes for the Palm & Florida St paving improvement projects.
b. Approval of 2009 appropriation of funds for the Pct. 1 P/U Rd, program #005, in the amount of $47,854.68 to fund reimbursed expenditures for paving improvements.
a. Approval of certification of revenues, as certified by County Auditor, for revenues received by the City of Mercedes in accordance with interlocal agreement between Hidalgo County and City of Mercedes for the Palm & Florida St paving improvement projects.
b. Approval of 2009 appropriation of funds for the Pct. 1 P/U Rd, program #005, in the amount of $47,854.68 to fund reimbursed expenditures for paving improvements.
BACKGROUND
As requested by Noe Montez, monies need to be appropriated back into the Pct. 1 R & B program #005 budget, since an interdept transfer was made on 5-5-09 (AI #15260, item #14.B.6.) to fund street project expenditures using R & B funds, program #'s 069 & 070.
Receipt #131641 was recorded on 9-4-09 for $52,054.68 received by the City of Mercedes.
Receipt #131641 was recorded on 9-4-09 for $52,054.68 received by the City of Mercedes.
Fiscal Impact
- FISCAL YEAR:
- 2009
- ACCT. #:
- 9-1201-431-00-121-005-0-673
- FUNDS AVAILABLE Y/N?:
- Y
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Appropriation of funds for revenues received by the City of Mercedes in relation to interlocal agreement for the Palm & Florida St paving improvements, receipt #131641 dated 9-4-09. $52,054.68 were recorded as a receivable in acct #9-1201-126-30-000-002-0-000 "Due from Other Govt-City of Mercedes"Revenue acct #'s:
9-1201-337-00-121-003-0-000 "R & B Pct. 1-Intgt'l Revenue-Mercedes-Florida St." --$27,563.78
9-1201-337-00-121-004-0-000 "R & B Pct. 1-Intgt'l Revenue-Merdedes-Palm St." -- $20,290.90
From the $52,054.68 receipted, $47,854.68 is revenue recognized, the remaining amount of $4,200.00 is deferred revenue and is recorded in acct #'s:
9-1201-223-00-000-039-0-000 "R & B Pct. 1 Def Rev-Mercedes-Florida St" $2,400.00
9-1201-223-00-000-040-0-000 "R & B Pct. 1 Def Rev-Mercedes-Palm St" $1,800.00
The deferred revenue will be recognized once materials are spent.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Erika Zamora | 09/11/2009 03:15 PM |
| Auditor's Office | 09/11/2009 05:30 PM |
- Form Started By:
- Ivan Cantu
- Started On:
- 09/11/2009 08:52 AM
- Final Approval Date:
- 09/11/2009