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PROPOSED TRANSFER OF FUNDS
Department: Cook County Assessor’s Office
Request: Approval to Transfer Funds
Reason: To load the CCAO’s permit ID account with the United States Postal Service
From Account(s): 11000.1040.10155.501010.00000.00000; Salary/Wages of Regular Employee, $150,000.00
To Account(s): 11000.1040.10155.520260.00000.00000; Postage, $150,000.00
Total Amount of Transfer: $150,000.00
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?
It became apparent that the receiving account would need additional funds on 4/2/2026. The balance on 4/2/2026 was $0.00. This amount reflects the original FY2026 appropriation of $0.00 in our postage account.
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.
We will utilize the surplus from a position that was recently vacated in the Salary/Wages budget to fund critical postage needs. This funding will aid in meeting immediate statutorily required mailings.
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.
The Cook County Assessor's Office (CCAO) is statutorily required to mail reassessment notices and homestead exemption applications. We are currently processing mass mailings for the 2025 North Triennial reassessment. Ensuring we have sufficient postage for these impending mailings is essential to meet all mailing deadlines.
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.
N/A
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