Discussion and possible action to approve the following General fund budget amendment (line item transfer):
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
1001-6050-001-462605
Fuel & Lubricants
$2,000
$4,472.87
$2,472.87
To:
1001-1100-001-462605
Fuel & Lubricants
$2,000
$516.75
$2,516.75
Issue: The following account #1001-1100-001-462605 (Fuel & Lubricants) requires additional funds to cover estimated future expenditures that are forecasted to occur for the remainder of the 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.