Discussion and possible action to approve the following budget amendment (line item transfer):
Acct. Number
Acct. Name
Adopted
Request
Current
End Bal.
From:
1001-1130-001-431007-010
Operational Reserve
$9,000
To:
1001-1180-001-452001-010
Bonds & Insurance
$9,000
$9,000
$-8,870.12
$129.88
Issue: Funding for this fund was calculated for an "off" year and this active year was not taken in consideration. Also there were several increases in bond amounts for several elected officials.
Solution: To transfer funds needed.
Result: Invoices will be paid and we will be in compliance.