Discussion and possible action to approve the following line item transfers:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
1001-2280-001-461000
Materials & Supplies
$2,400
$19,343.46
$16,943.46
To:
1001-2280-001-462605
Fuel & Lubricants
$1,200
$488.15
$1,688.15
1001-2280-001-464010
Dues & Memberships
$1,200
$867.00
$2,067.00
Issue: The Fuel & Lubricants account has a balance of $488.15 and the Dues & Memberships account has a balance of $867.00; however, extra monies are needed to cover future expenses from both of these accounts.
Solution: The transfer of funds will allow us to cover necessary expenses.
Result: The transfer of these funds will allow for our department to cover future expenses.