Transaction 1 is most likely denoting that the public safety department is legally authorized to incure liabilities in the amount of $254,000. The department may not spend more than is appropriated to them.
Transaction 3 is most likely denoting the event of invoices being recieved and approved for payment. So the $15,000 is the allowed amount in the encumbrances that were approved. The $14,500 is the payment of the invoices recieved and paid.
Transaction 5: A debit to appropriations means that the public safety department was reducing its appropriations, thus reducing the amount approved to be spent by $17,000.
Transaction number four is most likely for salaries or payroll. Entities consider it unnecessary to encumber these fund because they are certain to occur.
Transaction 1 is most likely denoting that the public safety department is legally authorized to incure liabilities in the amount of $254,000. The department may not spend more than is appropriated to them.
ReplyDeleteTransaction 2 is most likely denoting the event of purchase orders in the amount of $18,000 being issued.
ReplyDeleteTransaction 3 is most likely denoting the event of invoices being recieved and approved for payment. So the $15,000 is the allowed amount in the encumbrances that were approved. The $14,500 is the payment of the invoices recieved and paid.
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ReplyDeleteTransaction 5: A debit to appropriations means that the public safety department was reducing its appropriations, thus reducing the amount approved to be spent by $17,000.
ReplyDeleteTransaction number four is most likely for salaries or payroll. Entities consider it unnecessary to encumber these fund because they are certain to occur.
ReplyDelete