Discussion and possible action to approve the following budget amendment (line item transfer):
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
3015-7050-001-470000-075
Contingency Reserve Fund
$130,000
$542,421.65
$412,421.65
To:
1001-1130-001-441205
Utilities
$130,000
$91,639.19
$221,639.19
Issue: Invoices for previous months bills will exhaust the Utilities line item. Line item transfer required to have sufficient funds for the remainder of the fiscal year.
Solution: Process line item transfer.
Result: Sufficient funds for all invoices currently processed and pending invoices.