Discussion and possible action to approve the following budget amendment (line item transfer) within the General fund:
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1130-001-431007-005
Operational Reserve Payroll
$0.00
$1,150
$324,870
$323,720
To:
1001-3120-001-426000
Workers Compensation
$125
$1,150
$-669.32
$480.68
Issue: The worker compensation account has a deficit balance.
Solution: Transfer funds from the Operational Reserve Payroll line item to cover present deficit and future expenses of the Worker Compensation line item.
Result: A healthy balance in the Worker compensation line item to cover future expenses and bring line item up to date.