Title
A Resolution to Transfer Funds from Environmental Capital to Operating
Summary
The Environmental Department is requesting to transfer funds from the capital purchase account to the operating account. More beneficial nutrient monitoring equipment was determined to cost approximately $2500 plus supplies rather than the budgeted $8000. Therefore, we request to transfer $2500 to small tools in operating and $5000 to supplies in operating.
Budgetary Impact:
Non-Capital Item:
____ Budgeted under account #_______________ (discussion item)
____ Not budgeted, requesting transfer of $__________ from Account #______________ to Account #_____________.**Request to Transfer Departmental Budget Dollars form must be attached**
____ Not budgeted requiring increase to account #___________ in the amount of $____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital - Departmental **Capital Purchase Worksheet form must be attached**
__X__ Budgeted under account #100-2040-5100 for $8000.00 and described in budget as Nutrient Monitoring Equipment.
Transfer of $2500.00 from Account #100-2040-5100 to Account #100-2040-6053 and transfer of $5000.00 from Account #100-2040-5100 to Account #100-2040-6049.**Request to Increase OR Request toTransfer Departmental Budget Dollars form must be attached**
____ Not Budgeted - account #____________ requires budget increase of $_____________.**Request to Increase Departmental Budget Dollars form must be attached**
Capital Project - **If requesting to start a project, a Capital Project Worksheet form must be attached**
In current year Capital Projects Plan:
_____ Yes, described as __________________________, planned amount $___________, requesting $_________ as total project estimate, including contingencies, under account #_________________
_____ No, requesting $___________ as total project estimate, including contingencies, under account #____________________.
_____ Yes, requesting an increase of $___________ to an already approved project titled ________________________ that is being tracked under Account No. ___________________.
_____ No, requesting an increase of $__________ to an already approved project titled _______________________ that is being tracked under Account No. _________________.
Body
WHEREAS, the Environmental Department budgeted $8000 as a capital purchase for Nutrient Monitoring Equipment, and
WHEREAS, more beneficial nutrient monitoring equipment was available for less than a capital purchase amount.
NOW THEREFORE BE IT RESOLVED that the City Council of the City of Foley, Alabama, as follows:
SECTION 1: Approves the transfer of funds from Account #100-2040-5100 Capital to the Operating Account with $2500 being transferred to Account #100-2040-6053 and $5000 being transferred to Account #100-2040-6049.
SECTION 2: This Resolution shall become effective immediately upon its adoption as required by law.