Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-0201-6004-2
Cell Phone Cost
$1,000
$1,000
$-0-
To:
001-0201-6205
Materials & Supplies
$1,000
$253
$1,253
Issue: Our Materials and Supplies line item will have a balance of $253 after some outstanding items are paid and this will not be enough to finish the budget year.
Solution: We wish to transfer monies from another line item which will not be utilized.
Result: The transfer will allow us to meet additional office expenses which will be necessary before the end of the budget year.
Fiscal Impact
Budget Account Number:
001-201-6205
Funding Source:
001-201-6004-2
Balance:
$253
Financial Impact:
The monies will be transferred from one line item in our office budget to another.