Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-0114-6402
Repairs & Maint. Equip.
$2,900
$8,245.00
$5,345.00
To:
001-0114-6014
Equipment Rental
$2,900
$223.76
$3,123.76
Issue: Currently the account for Equipment Rental is almost depleted. Without these funds we will not be able to pay the remaining invoices for the current fiscal year.
Solution: The line item transfer will help, by the account not being in deficit.
Result: The line item transfer will cover expenses for the remainder of the fiscal year.