Item Coversheet

  Town of Huntersville
REQUEST FOR BOARD ACTION
8/3/2015

REVIEWED:

To:                  The Honorable Mayor and Board of Commissioners

From:              Janet Stoner/Kathy Moyer

Subject:          Budget Amendment FY 2014-15


Transfer $100,000 from Capital Outlay to Other Electrical System Expenditures.  Funds are needed in the Sales Tax Expense and other various expense items.  The Electric Fund is adopted in 4 major expense categories - Purchase of Electricity, Salaries & 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:

There are no changes in the overall total budget of the Electric Fund.