Discussion and possible action to approve the following line item transfer:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
1001-6210-001-443000-75
Repair & Maint. Vehicles
$600
$948.26
$348.26
1001-6210-001-441205
Utilities
$2,250
$10,556.82
$8,306.82
$2,850
To:
1001-6210-001-462605
Fuel & Lubricants
$500
$283.18
$783.18
1001-6210-001-461000
Materials & Supplies
$2,350
$462.07
$2,812.07
$2,850
Issue: There are insufficient funds in account #1001-6210-001-462605 to cover the cost of fuel expenses for the Rio Bravo Community Center vehicle, which is used daily to transport the elderly as well as to pick up food items from the food bank. There are also insufficient funds in account #1001-6210-001-461000 to cover the cost of future projected expenses including copy paper, toner and new phone equipment as well as the service & installation fees associated with this purchase.
Solution: A transfer of funds in the amount of $500 into the Fuel & Lubricants account and $2,350 into the Materials & Supplies account.
Result: There will be enough funds to cover the cost of fuel and new phone equipment for the Rio Bravo Community Center.