Discussion and possible action to approve the following line item transfer for the Road & Bridge department:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
010-7002-6204
Fuel & Lubricants
$10,000
$190,172
$180,172
To:
010-7002-6014
Equipment Rental
$10,000
$129
$10,129
Issue: There is an outstanding Purchase Order for Equipment Rental totaling $3,889 in addition we have monthly expenses pending payment, such as copier rental, communication tower rental and oxygen cylinder rental.
Solution: Transfer funds from another account.
Result: We will be able to take care of pending payments and close FY.