Discussion and possible action to authorize a payment of $3,900.00 in overage fees to Garza/Gonzalez & Associates from Account #001-0109-6021 (Accounting & Auditing Fees), with additional action to process a line item transfer to said account from Account #001-0109-6022 (Professional Services) in the amount of $3,900.00; and any other matters incident thereto.
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-0109-6022
Professional Services
$3,900
$70,326
$66,426
To:
001-0109-6021
Accounting & Auditing Fees
$3,900
$16,800
$20,700
Issue: An increase in fees has exhausted the funds available in the Accounting & Auditing line item. Funds are needed to process a request for payment of $20,700. Accounting & Auditing fees line item is short $3,900.00 to cover the request for payment.
Solution: Process line item transfer to make monies available for the pending FINAL billed invoice.
Result: Ensure payment to vendor for services rendered.