AI- 92176
Budget and Management 21.D.2.
CC REGULAR AGENDA SPECIAL MTG
Budget Appropriations
- Meeting Date:
- 09/19/2023
- Submitted For:
- Dagoberto Soto
- Submitted By:
- Angélica M. Tapia
- Department:
- BUDGET & MANAGEMENT
CAPTION
Pct. 1 Capital Outlay - Mile 1 East (Business 83 - Mile 8 N) (1301):
Approval of certification of revenues by County Auditor in the amount of $1,656,388 to be received from the City of Mercedes, in relation to the city's contribution for the Mile 1 East (Business 83 - Mile 8 North) road project, in accordance with the Interlocal Agreement between Hidalgo County and the City of Mercedes and appropriation of the same.
Approval of certification of revenues by County Auditor in the amount of $1,656,388 to be received from the City of Mercedes, in relation to the city's contribution for the Mile 1 East (Business 83 - Mile 8 North) road project, in accordance with the Interlocal Agreement between Hidalgo County and the City of Mercedes and appropriation of the same.
BACKGROUND
AS RECOMMENDED BY THE AUDITOR'S OFFICE, THE APPROPRIATION IS UNDER F1301 (CAPITAL OUTLAY) FOR ACCOUNTING AND TRACKING PURPOSES OF THE PROJECT. THIS IS A TXDOT PROJECT, BUT THE AFA IS NOT YET IN PLACE.
Fiscal Impact
- CALENDAR YEAR:
- 2023
- ACCT. #:
- 3-1301-431-00-121-284-0-841
- FUNDS AVAILABLE Y/N?:
- Y
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
PER THE AUDITOR'S OFFICE ON 8/18/23, EFFECTIVE 8/8/23 (NEW PROJECTS), THE ACCOUNT RECEIVABLE (126-30) WON'T BE USED TO ISSUE CHECKS WHEN ACCOUNTING FOR A CITY'S ILA CONTRIBUTION. REVENUES WILL NOW BE CERTIFIED UPON REQUEST FROM THE RESPECTIVE PRECINCT IN ORDER ACCOUNT 100% OF THE EXPENDITURES AT THE TIME OF PAYMENT (COUNTY'S & CITY'S ILA CONTRIBUTION).REVENUE: 3-1301-337-00-121-284-0-000 CAPITAL OUTLAY-MERCEDES M1E
ACCOUNTS RECEIVABLE: 3-1301-126-30-121-284-0-000 CAPITAL OUTLAY DUEFR MERCEDES-MILE 1 E R
ILA APPROVED ON 5/30/23 CC WITH AI-91032
PHASE II:
$3,312,776 TOTAL COST
$1,656,388 COUNTY'S CONTRIBUTION
$1,656,388 CITY'S CONTRIBUTION ($552,129.33 DUE 10/1/23 / $552,129.33 DUE 6/1/24 / $552,129.34 DUE 12/1/24)
PHASE III:
$706,474 TOTAL COST
$353,237 COUNTY'S CONTRIBUTION
$353,237 CITY'S CONTRIBUTION DUE 10/1/25
COSTS IN EXCESS SHALL BE SHARED BY THE CITY AND COUNTY EQUALLY. ANY AMOUNT THAT IS NOT UTILIZED IN PHASE II OR PHASE III SHALL BE REIMBURSED BACK TO THE CITY AND COUNTY EQUALLY.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Veronica Ortiz | 09/13/2023 04:01 PM |
| Budget and Management | Veronica Ortiz | 09/14/2023 01:16 PM |
| Budget and Management | Veronica Ortiz | 09/14/2023 01:17 PM |
| Final Approval | Monica Salinas | 09/15/2023 05:00 PM |
- Form Started By:
- Angélica M. Tapia
- Started On:
- 08/18/2023 03:28 PM
- Final Approval Date:
- 09/15/2023