Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
6/20/2016

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Jackie Huffman/Kathy Moyer

Subject:          Budget Amendment


Transfer $153,713 from Capital Outlay and $86,000 from Salaries and Benefits to other Electrical System Expenditures ($180,018) and Purchase of Electricity ($59,695).  The Electric fund is adopted in 4 major expense categories - Purchase of Electricity, Salaries and Benefits, Capital Outlay and Other Electrical System Expenditures.  Board approval is required to transfer from one category to another. 


ACTION RECOMMENDED: 

Approve Budget Amendment.

 
 
FINANCIAL IMPLICATIONS:

None