Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2600-5601
Administrative Travel
$950
$950
$0
001-2600-6014
Equipment Rental
$1,000
$1,000
$0
001-2600-6205
Materials & Supplies
$232
$232.83
$0.83
001-2600-6224
Minor Tools & Apparatus
$160
$160.74
$0.74
001-2005-6011
Training & Education
$2,000
$2,000
$0
001-2060-5605
Special Travel
$11,000
$18,618
$7,618
001-2060-6006
Advertising
$100
$100
$0
001-2060-6007
Dues & Memberships
$300
$300
$0
001-2060-6010
Books & Subscriptions
$200
$200
$0
001-2060-6011
Training & Education
$500
$500
$0
001-2001-6007
Due & Memberships
$326
$326
$0
001-2001-6205
Materials & Supplies
$5,000
$9,517
$4,517
$21,768
To:
001-2001-6224
Minor Tools & Apparatus
$5,768
$218
$5,986
001-2062-6205
Materials & Supplies
$3,000
$0
$3,000
001-2001-6014
Equipment Rental
$3,500
$1,222
$4,722
001-2060-6001
Office Supplies
$2,500
$63.00
$2,563
001-2001-6401
Building Maintenance
$2,000
$1,020
$3,020
001-2001-6001
Office Supplies
$5,000
$5,292
$10,292
$21,768
Issue: The following accounts: Minor Tools & Apparatus, Materials & Supplies, Equipment Rental, Office Supplies, and Building Maintenance need funds to cover committed expenses that are forecasted for the remainder of the year.
Solution: The Line Item Transfer will prevent the accounts not reach a deficit.
Result: Transfer will cover expenses to carry the department for the remainder of the year.