Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
2362-5360-521-41000
Payroll Cost
$15,000
$102,035.00
$ 87,035.00
To:
2362-5360-521-431002
Administrative Expense
$15,000
$27.50
$ 15,027.50
Issue: As per the State we must use both grants Comprehensive Energy Assistance Program (CEAP) and Community Servicesw Block Grant (CSBG) for expenses: space rental, matrials & supplies, office supplies, equipment rental, postage, licenses & permits, etc.
Solution: To have enough funds in CEAP account to pay neccesary expenses.
Result: To ensure funding for the remainder of the current fiscal year.