Discussion and possible action to approve the following budget amendments to transfer interest income to capital outlay by series:
|
Acct. Number |
Acct. Name |
Adopted |
Request |
Current |
End Bal. |
From: |
3055-259700 |
Interest Income Series 2010 |
$0 |
$4,118.45 |
$4,118.45 |
$0 |
|
3065-259700 |
Interest Income Series 2003 |
$0 |
$1,124.08 |
$1,124.08 |
$0 |
|
3095-259700 |
Interest Income Series 2006 |
$0 |
$7,737.55 |
$7,737.55 |
$0 |
|
3200-259700 |
Interest Income Series 2010 |
$0 |
$89,441.59 |
$89,441.59 |
$0 |
|
|
|
|
$102,421.67 |
|
|
To: |
3050-7380-001-470000 |
Capital Outlay Series 2010 |
$450,000 |
$4,118.45 |
$38,251.77 |
$42,370.22 |
|
3075-7380-001-470000 |
Capital Outlay Series 2003 |
$0 |
$1,124.08 |
$140.28 |
$1,264.36 |
|
3115-7380-001-470000 |
Capital Outlay Series 2006 |
$1,800,000 |
$7,737.55 |
$545,200.78 |
$552,938.33 |
|
3190-7220-001-470000 |
Capital Outlay Series 2013 |
$1,000,000 |
$89,441.59 |
$25,142.79 |
$114,584.38 |
|
|
|
|
$102,421.67 |
|
|
Issue: Increase budget to cover current and future expenditures for the bond series capital outlay.
Solution: Appropriate expenditures to be used for the purpose of capital outlay.
Result: The capital outlay accounts will have the available funds for the projects. |