Discussion and possible action to approve the following General Fund budget amendment (line item transfer):
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
1001-6210-001-441205
Utilities
$5,000
$6,328.50
$1,328.50
To:
1001-6210-001-461000
Materials & Supplies
$2,000
$2,464.82
$4,464.82
1001-6170-001-461000
Materials & Supplies
$3,000
$609.70
$3,609.70
$5,000
Issue: The Rio Bravo and El Cenizo Community Centers are in need of new equipment but there are currently not enough funds in their respective Materials and Supplies accounts to cover these expenses.
Solution: A transfer of funds from the Rio Bravo Community Center Utilities account, which is at a surplus, into the Materials and Supplies account of each center.
Result: There will be enough funds in the Materials and Supplies accounts of the Rio Bravo and El Cenizo Community Centers to complete the necessary purchases.