Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
001-2502-6011
Training & Education
$500
$1,180.30
$680.30
To:
001-2502-6004-2
Cell Phone Cost
$500
$31.51
$531.51
Issue: The following account # 001-2502-6004-2 (Cell Phone Cost) requires additional funds to cover estimated future expenditures that are forecasted to occur for the remainder of the fiscal year.
Solution: A line item transfer will assist in account not reaching a deficit.
Result: The transfer of funds will cover any estimated future expenditures for the remainder fiscal year.