Discussion and possible action to approve, by Order, the following budget amendment (supplemental budget transfers) within Grant funds. [Requested ty Community Action Agency]
Acct. Number
Acct. Name
Request
Current
End Bal.
From:
2661-5150-357420
Other Revenues
$26,988.94
$26,988.94
$0.0
2661-5150-392000
Sale of Equipment
$10,925.00
$10,925.00
$0.0
$37,913.94
To:
2661-7230-521-470000
Capital Outlay
$37,913.94
$71,827.00
$109,740.94
Issue: A budget amendment is necessary for the Capital Outlay account in order to spend the proceeds from the sale of equipment and an insurance settlement.
Solution: Approve the budget amendment.
Result: Proceeds from the insurance settlement and sale of the buses could now be expensed on a capital bus purchase.