Why won't 'IF-Statement' Formula work for an entire column?

I am trying to make an IF formula subtract a cells value from another cells value, creating a 'balance'. The formula is working when selecting one cell for each part of the formula, but is not working when I try to use the formula for multiple cells (entire column). The formula I am using for single cells is as follows:
=IF(Monthly Timeline :: F2="Citi",Monthly Timeline :: D2+1000,1000)
The formula works with way, when I select the pop-up menu in F2 to say "Citi" it will add the value of D2 to 1000 and give me a proper solution, but when I change it to the entire column as follows:
=IF(Type="Citi",Amount+1000,1000)
The formula for entire columns 'Type' and 'Amount' does not produce a proper solution, it will display 1000, no matter how many values in the 'Amount" column have "Citi" selected in the pop-up menu in the 'Type' column.
I know there is a way to make this formula work but I can't seem to figure out what I am doing wrong any help would be greatly appreciated.
Thanks!

the function if() does not apply to a column. the functions sumif() and sumifs() do apply to columns. You can get detailed information regarding these functions in the function browser. To open the function browser select the menu item:
"View > Show Function Browser"
OR dowload the free function reference from Apple here:
http://support.apple.com/manuals/#productivitysoftware
The document is titled "iWork '09 Formulas and Functions User Guide"
There is also a User Duide you may find helpful: "Numbers '09 - User Guide"

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Why won't 'IF-Statement' Formula work for an entire column?

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