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PROPOSED TRANSFER OF FUNDS
Department: Cook County’s State’s Attorney’s Office
Request: Transfer of funds
Reason: Funds needed in various accounts for unanticipated expenditures.
From Account(s): Account 11100.1250.14245.540131 - Maintenance and Subscription-$500,000.00
To Account(s): Account 11100.1250.19530.521019 Court Reporting, $300,000.00 and Account 11100.1250.14245.501805 Training Program Staff, $200,000.00
Total Amount of Transfer: $500,000.00
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?
1st Account-521019 Court Reporting-On October 25,2024 it became apparent that an infusion of cash was going to be needed in this account for anticipated expenditures through 11/30/2024. On 10/25/2024 the balance was $39,390; 30 days prior the balance was $273,720.00 and the- 2nd Account 501806 Employee Training. On 10/25/2024, it became apparent that an infusion of cash was going to be needed in this account for anticipated expenditures through 11/30/2024. On 10/25/2024 the balance was $329,660; 30 days prior the balance was $370,887.00
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.
Account was identified as having a surplus of funds due to a cancelation of a planned expenditure.
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.
Account balance was increased during the year by a transfer of funds, this transfer request reverses.
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