Discussion and possible action to approve the following budget amendment (line item transfer) from the materials and supplies account to cover the FY 17-18 Toshiba contract:
Acct. Number
Acct. Name
Amount
Bal.
End Bal.
From:
1001-2070-001-461000
Materials & Supplies
$1,980.00
$5,500.00
$3,520.00
To:
1001-2070-001-443000-035
Repairs & Maint. Equipment
$1,980.00
$185.00
$2,165.00
Issue: Full monies were not alloted at the beginning of the fiscal year to cover the payments of the Toshiba contract.
Solution: Approval of line item transfer will allocate the funds to cover the 17-18 FY Toshiba contract.
Result: Compliance with the financial terms of the Toshiba contract.