Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-0700-6411
Repairs & Maint. - Software
$4,933
$10,424.50
$5,491.50
To:
001-0700-6014
Equipment Rental
$2,433
$7,667.19
$10,100.19
001-0700-6224
Minor Tools & Apparatus
$2,500
$468.08
$2968.08
$4,933
Issue: Account #001-0700-6014 needs funds to cover our monthly and quarterly payments for our Ricoh copy machines due through the remainder of the fiscal year. Additionally, account #001-0700-6224 will need funds to cover future expenses estimated for the rest of the fiscal year.
Solution: Transfer funds to cover payments for our Ricoh copy machines and future expenses.
Result: The line item transfers will cover payments for our Ricoh copy machines and future expenses due until the end of the fiscal year.