title
PROPOSED TRANSFER OF FUNDS
Department: Office of Contract Compliance
Request: Request Approval of Funds Transfer from Salary Salvage Account to Operating Account to buy Computer Equipment for Contractors
Reason: BOT is not providing OCC with Computer Equipment for our newly hired contractors and OCC does not have the funds in the operating account to pay for the equipment in question.
From Account(s): Sag/Wag of Reg Employees, $6000.00; 11000.1022.10155.501010.00000.00000)
To Account(s): Office Supplies, $6000.00; 11000.1022.10155.530605.00000.00000)
Total Amount of Transfer: $6000.00
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?
01/04/2024- this issue was not apparent 30 days prior and if it happened to be an issue at that time, we would have needed funds then as well to pay for the computer equipment.
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.
Based on OCC funds availability it was identified that the funds transfer is from OCC Salary Salvage Funds to Office Supply Accounting Unit
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.
OCC had to perform an emergency hire of contactors which became apparent in September 2023 due to extreme shortage of employees in the compliance section of OCC. When approved for hiring contractors via Kelly Services, OCC was under the understanding that BOT would provision computer equipment for our contractors which turned out to be not the case. BOT is also not using any of its reserve funds to provision the equipment. OCC does not have the budget to pay for the equipment off of any operating account unless a funds transfer from the Salary Salvage account is done.
end