Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2005-5605
Special Travel
$8,500
$18,027.76
$8,027.76
To:
001-2001-6228
Fire Arms & Ammunition
$2,500
$3.22
$2,503.22
001-2001-6005
Postage & Courier Service
$1,700
$208.95
$1,908.95
001-2060-6014
Equipment Rental
$2,700
$0.00
$2,700
001-2001-6411
Repair & Maint. - Software
$1,600
$25,000
$26,600
$8,500
Issue: The afore-listed accounts (Fire Arms & Ammunition, Postage & Courier Service, Equipment Rental and Repair & Maintenance - Software) require a transfer of funds to cover estimated expenditures that are forecasted for the remainder of the fiscal year and in order to avoid deficits.
Solution: Utilize the savings from Special Travel to cover purchase orders and avoid these accounts reaching deficit.
Result: The line item transfer of funds will cover the estimated expenditures.
Fiscal Impact
Budget Account Number:
001-2005-5605
Funding Source:
General Funds
Balance:
$18,027.76
Financial Impact:
No Financial Impact to 001-2005-5605 since we will utilize the savings from this account to cover other expenditures.