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PROPOSED TRANSFER OF FUNDS
Department: Cook County Health and Hospital Services
Request: FY25 CCH Transfer of Funds - September
Reason: CountyCare Salary Increase & Provident Institutional Supplies
From Account(s):
Department Budget Account - Description Transfer Amount Justification
4897 - Stroger Hospital 530175 - INSTITUTIONAL SUPPLIES
$260,000 Available funds in
Plant Operations
41225.4897.17775
4897 - Stroger Hospital 501166 - PLANNED SALARY
ADJUSTMENT - BUDGET ENTRY $2,000,000 Surplus in Stroger
salary accounts
41225.4897.13479
To Account(s):
Department Budget Account - Description Transfer Amount Justification
4897 - Stroger Hospital 530175 - INSTITUTIONAL SUPPLIES $260,000 Available funds in
Plant Operations
41225.4897.17775
4897 - Stroger Hospital 501166 - PLANNED SALARY
ADJUSTMENT - BUDGET ENTRY $2,000,000 Surplus in Stroger
salary accounts
41225.4897.13479
Total Amount of Transfer: $2,260,000
On what date did it become apparent that the receiving account would require an infusion of funds in order to meet current obligations? What was the balance in the account on that date, and what was the balance 30 days prior to that date?
See the tables above for justification of transfers
How was the account used for the source of transferred funds identified? List any other accounts that were also considered (but not used) as the source of the transferred funds.
DBMS Salary Tracker & CCH Budget to Actual / Hyperion reports
Identify any projects, purchases, programs, contracts, or other obligations that will be deferred, delayed, or canceled as a result of the reduction in available spending authority that will result in the account that funds are transferred from.
None
If the answer to the above question is “none” then please explain why this account was originally budgeted in a manner that caused an unobligated surplus to develop at this point in the fiscal year.
FY25 Salaries budgeted too low for CountyCare & larger than expected Institutional Supply expense at Provident from aging campus.
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