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PROPOSED TRANSFER OF FUNDS
Department: Office of the Chief Judge, Circuit Court of Cook County
Request: Approval of transfer of funds
Reason: A transfer of funds is necessary to reconcile deficits with certain operating accounts as a result of cost increases due to full return to open court and inflation.
From Account(s): 11100.1310.35095.520830, Professional Services, $85,000.00; 11100.1310.35095.520830, Professional Services, $95,000.00; 11100.1310.35430.520830, Professional Services, $80,000.00; 11100.1440.10155.540135, Wkng Cap-Maint of Data Proc Eq, $800,000.00.)
To Account(s): 11100.1310.10155.520210, Food Services $85,000.00; 11100.1310.35095.521019, Court Reporting, $95,000.00; 11100.1310.15190.520830, Professional Services, $80,000.00; 11100.1440.35225.530010, Food Supplies, $800,000.00.
Total Amount of Transfer: $1,060,000.00
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?
As of August 31, 2023, office projections for future expenditures indicated that the requested transfers are necessary to continue to pay invoices for services and supplies through the end of FY2023.
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.
The accounts used for the source of the transfers were identified by taking into account anticipated future expenditures for professional services and data processing equipment, which revealed adequate surplus funds that are the result of changes in the timing of certain procurements and program spending.
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.
There will be no deferred, delayed or canceled projects, purchases, contracts, or other obligations as a result of these transfers.
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.
The surpluses are the result of a change in the timing in entering into a new contract for the JTDC management information system, not occasioned by the need for funds to cover other operating expenditures.
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