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Transfer of Funds - Local Transportation Funds - Accountant Jensen
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Requested Action(s)
recommendation
Authorize Chairman to sign the Increase of Funds Request of $1,971,760.82 from Local Transportation Fund (LTF) 50710-50710-410081 (LTF ¼ Sales Tax) Transfer to TRAX 117-3037-4712201 (LTF Contribution); This is the annual LTF disbursement.
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Financial Impact:
This transfer will be funded by LTF Reserves and will not have an impact.
Background Information:
These funds are the annual LTF contribution for TRAX/ParaTRAX Contract Expenses.