Discussion and possible action to approve, by Order, the following budget amendment (supplemental budget transfer) within Grant funds. [Requested by Community Action Agency]
Acct. Number
Acct. Name
Request
Current
End Bal.
From:
2661-5150-392000
Sales of equipment
$7,050
$7,050
$0
To:
2661-7230-521-470000
Capital outlay
$7,050
$1,573.59
$8,623.59
Issue: A budget amendment is necessary for the capital outlay account in order to spend the proceeds from the sale of equipment.
Solution: Approve the budget amendment.
Result: Proceeds from sale of equipment could now be expensed on a capital outlay.