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Commissioner Keigher - Public Works - To Approve the Transfer of $23,000 from the General Fund to the General Government Capital Fund, via the Community Investment Fund (CIF) for the Purchase of a Paper Cutter for the Print Services Division of Public Works
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STAFF CONTACT
Daniel K. Ziehm, PE - Public Works - 704-862-6795
BUDGET IMPACT
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General Fund: Decrease expenditures and increase Transfers out to CIF by $23,000.
Community Investment Fund: Increase Transfers in from General Fund and increase Transfers out to General Government Capital Fund by $23,000.
General Government Capital Fund: Increase Transfers in from CIF and increase expenditures by $23,000.
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BACKGROUND
The Print Services Division will use Public Works funds to purchase a paper cutter due to a critical failure of the existing unit. The purchase and installation of paper cutter costs over the $5,000 capital threshold and therefore will be purchased from the General Government Capital Fund. This Board Action will transfer funds previously budgeted as operating funds to the General Government Capital Fund.
POLICY IMPACT
N/A
ATTACHMENTS
Budget Change Request (BCR)