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December 8, 1981 <br />To: Board of County Ccrmissioners <br />From: Jeffrey K. Barton, Finance Director <br />Subject: Departmmt to Departn�eznt Transfer <br />County Administrator (201) to Clerk to B.C.C. (300) <br />This budget amendment is necessary due to the change of Accounts payable from the <br />Administrator Office to Finance after the Budgets were approved the funds to pay <br />the expenses involved must be transfered from department to department. I reccnrm eid <br />the follclaing budget amendment to be approved as part of the additional funds <br />adopted. <br />Account Title <br />Account No. Increase <br />Decrease <br />Workmen's Compensation <br />001-300-512-12.14 200 <br />21,090.00 <br />L\pense-Budget Office <br />001-300-581-99.93 28,186 <br />321,090.00 <br />Regular Salaries <br />001-201-512-11.12 <br />22,270 <br />Soc. Sec. Matching <br />001-201-512-12.11 <br />1,482 <br />Retirement Contribution <br />001-201-512-12.12 <br />2,434 <br />Ins -Life & Health <br />001-201-512-12.13 <br />2,000 <br />Workmen's Compensation <br />001-201-512-12.14 <br />200 <br />Motion was made by Commissioner Scurlock, seconded by <br />Commissioner Wodtke, to approve the recommendation of the <br />Finance Director re the one year Tax Anticipation Note for <br />financing relating to Indian River Boulevard, as follows: <br />To: Board of County Commissioners <br />7 <br />From': Ira ffrey K. Barton, Finance Director <br />Subject: Citrus Loan # 78049 <br />The one year Tax Anticipation note to First Citrus is due 12/22/81 for <br />$300,000.00 plus interest ($27,500.00). It is my recomendation to use <br />$200,000.00 from Fund 101 (Secondary Road Trust Fund) as a loan until <br />a final accounting can be submitted to the State of Florida to draw <br />upon the 80% of the 5th & 6th cent gasoline tax held in Tallahassee and <br />the balance of $100,000.00 principal, plus interest of $27,500.00, be <br />charged to the construction account in Fund 303. <br />The original note <br />of <br />5300,000.00 <br />plus interest earnings <br />of <br />21,090.00 <br />321,090.00 <br />has been used to <br />pay bills of <br />126,318.58 <br />leaving a balance <br />on hand of <br />194,77172- <br />9 ,771. 2less <br />lessunpaid bills <br />on hand <br />6,052.94 <br />and 127,500.00 of <br />12/22/81 P & 1 due <br />127,500.00 <br />leaving a balance <br />in construction account <br />S 61,216.7W <br />for future bills <br />DEC 16 1981 <br />