Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2001-6205
Materials & Supplies
$3,200
$13,972
$10,772
To:
001-2001-6224
Minor Tools & Apparatus
$3,200
$207
$3,407
Issue: The afore-listed accounts (Minor Tools & Apparatus) require a transfer of funds to cover estimated future expenditures that are forecasted to occur for the remainder of the fiscal year and to avoid deficits to the account.
Solution: Utilize the savings from Materials and Supply to cover future expenses avoid deficits in other account.
Result: The requested line item transfer of funds will cover the estimated future expenditures.