Discussion and possible action to ratify an exception to the Fiscal and Budgetary Policy and approve, by Order, the following budget amendment (line item transfers) for $70,000 for the Election Service Contract Fund’s operating revenues over operating expenditures and within the fund balance for the next election to be conducted and any other matters incident thereto.
 

	Account #	Account Name	Adopted Budget	Request	Current	End. Bal.
From:		Fund Balance		$23,000	$93,440	$70,440
	2010-1110-341100	Election Contractual Fees	$310,000	$47,000	$401,000	$448,000
				$70,000
To:	2010-1110-001-451201	Election Expense	$139,500	$70,000	$409,600	$479,600

 
Issue: The Election Service Contract’s fund required an increase in its operational expenditure budget by $70,000 for the next election in order to pay the projected cost for Texas Workforce Commission invoices. 

Solution: The Election Service Contract’s fund requires this ratification to reflect the current revenues over expenditures and within the fund balance to pay for Workforce’s invoices.
 
Result: The Election Service Contract Fund budget will have the available budget to conduct the City of Laredo bond referendum election.