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FROM: <br /> <br />TO: <br /> <br />SUBJECT: <br /> <br />Willie Norfleet, Director of Finance <br /> <br />Frank Ollendorff, City Manager <br /> <br />Second Quarter Budget TransFers <br /> <br />February 4, 1993 <br /> <br />The attached list represents the second quarter transfers that need to be approved <br />by the City Council in order to maintain a balanced budget, <br /> <br />The attached list includes nearly every line item that will be overspent, which <br />represents $127,580. <br /> <br />There was a reduction of expenditure accounts to total $108,694. <br /> <br />The overspending of $18,886 was balanced by increasing net revenues by $18,886. <br /> <br />If you have any questions, please feel free to contact me. Thank you, <br /> <br /> <br />