Discussion and possible action to approve, by Order, the following budget amendments (line item transfers) within the General fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1020-001-461000
Materials & Supplies
$12,000
$4,000
$11,883.72
$7,883.72
1001-1020-001-458000
Administrative Travel
$10,000
$2,000
$8,345.34
$6,345.34
$6,000
To:
1001-1020-001-461003
Goods for Public Events
$5,000
$4,000
$1,059.27
$5,059.27
1001-1020-001-443000-075
Repairs & Main't- Vehicles
$2,000
$2,000
$1,748.84
$3,748.84
$6,000
Issue: Promotional items were used from Goods for Public Events account; funding was allocated under Materials and Supplies. Also, the office is taking over a new vehicle and will need funding for pending invoices and future invoices.
Solution: The budget adjustment will allocate appropriate funding for the year.
Result: Current and future invoices will be paid in timely manner.