Discussion and possible action to approve the following budget amendment (line item transfer) within 2010 Bond Series (Capital outlay fund to Buenos Aires Comm. Center fund); and any other matters incident thereto. [Requested by Auditors Office]
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
3050-7380-001-470000
Capital Outlay
$35,000
$10,077.45
$67,131.00
$57,053.55
To:
3040-6290-001-474501
Construction in Progress
$98,515
$10,077.45
$67,009.25
$77,086.70
Issue: Funding needed to cover architectural expenses for the Fernando A. Salinas Community Center Increase Buenos Aires Comm. Ctr. 2010 Series fund budget.
Solution: Transfer out from fund 3050 to transfer in fund 3040 to approriate expenditures to be used for the purpose of the Fernandeo A. Salinas Comm. Ctr. expenditures.
Result: There will be sufficient funds in the account to pay architecural expenses.