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26.
Commissioners Court Meeting
Meeting Date:
08/10/2026
Submitted for:
Rafael Perez
Prepared by:
Angelica Morales
Department:
Auditor

Subject:

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.

Fiscal Impact

Budget Account Number:
3901-7230-001-474501
Funding Source:
3901
Balance:
10,555,772

Financial Impact:

N/A