Discussion and possible action to approve the following budget amendment (line item transfer) within the Road & Bridge Capital Lease account. [Requested by Rafael Perez, Auditor]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
4100-9060-001-483003-165
Capital Lease R&B 2 Motor graders
$435,999
$1,500
$431,506.47
$430,006.47
To:
4100-9097-001-483037-145
Lease Purchase Interest R&B 2 Motor graders
$4,627
$1,500
$1,150.99
$2,650.99
Issue: Additional funds are needed to cover expenses.
Solution: Approval of line item transfer.
Result: Avoid shortfall and future expenses will be covered.