Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
010-7002-6405
Repairs & Maint. of Roads
$3,000
$61,323.97
$58,323.97
010-7002-6204
Fuel & Lubricants
$10,000
$202,996.86
$192,996.86
$13,000
To:
010-7002-6014
Equipment Rental
$3,000
$864.96
$3,864.96
010-7002-6402
Repairs & Maint. of Equip,
$10,000
$1,602.96
$11,602.96
$13,000
Issue: Exhausting funds on Professional Services and Repairs & Maintenance of Equipment accounts. After carefully reviewing our monthly expenditures, we have concluded we won't have enough funds to cover estimated expenses in the upcoming month.
Solution: Request a line item transfer for both accounts.
Result: The transfer of funds will cover any estimated expenditures for the reminder of the Fiscal Year.