Discussion and possible action to approve the line item transfers identified in the back-up information so that 2015 year-end expenses can be paid and charged to the appropriate line items that did not have sufficient funds at the time the expense was presented for payment approval.
Issue: Departments have incurred expenses for which they do not have sufficient balance in the appropriate department line item.
Solution: Review the affected department’s accounts and determine a suitable accounts from which monies can be transferred to cover FYE 2015 outstanding invoices.
Result: Outstanding invoices for goods and services for the fiscal year ended September 30, 2015 will be liquidated in compliance with Financial Audit.