January 16, 2013 - Texas Workforce Commission
January 16, 2013 - Texas Workforce Commission
January 16, 2013 - Texas Workforce Commission
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56<br />
1 our month closed out and report it back to us normally<br />
2 by about the -- the middle of the month. So, we may<br />
3 or may not know March results by the time we come back<br />
4 in April.<br />
5 CHAIRMAN ANDERSON: Okay. Any other<br />
6 questions or comments for Daryl and Jonathan<br />
7 concerning the finances?<br />
8 (No response)<br />
9 MR. BABIAK: Thank you, Daryl.<br />
10 I guess that --<br />
11 CHAIRMAN ANDERSON: They did have a<br />
12 surplus this past fiscal year.<br />
13 MR. BABIAK: There -- there was an<br />
14 action item from the -- from the last meeting on<br />
15 carryforward. If --<br />
<strong>16</strong> CHAIRMAN ANDERSON: Yes.<br />
17 MR. BABIAK: -- if you'd like I can<br />
18 address that now.<br />
19 When we have carryforward, Daryl has<br />
20 explained to me, number one, that although the fiscal<br />
21 year ends on August 31, when we come to work on<br />
22 September 1st, we don't have the fiscal year closed<br />
23 out. Right now we don't have Fiscal Year 2012 closed<br />
24 out, and that's not extraordinary. When we do have a<br />
25 carryforward, that is the first thing that we expend
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