Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2501-5601
Administrative Travel
$1,000
$1,000
0
001-2501-6007
Dues & Memberships
$140
$200
$60
001-2501-6403
Vehicle Maint.
$1,120
$3,643.15
$2,523.15
$2,260
To:
001-2501-6205
Materials & Supplies
$2,260
$989.80
$3,249.80
Issue: The materials & supplies account has $989.80 balance. However extra monies are needed to purchase the materials and equipment needed for department use.
Solution: Transferring funds will allow the purchase of items needed.
Result: The account will have enough funds to purchase the items.