File #: 24-3446    Version: 1 Name: Transfer of Funds
Type: Transfer of Funds Status: Approved
File created: 5/30/2024 In control: Board of Commissioners
On agenda: 6/13/2024 Final action: 6/13/2024
Title: PROPOSED TRANSFER OF FUNDS Department: Office of the Chief Judge, Juvenile Temporary Detention Center Request: To approve a transfer of funds between accounts within the Office of the Chief Judge. Reason: A transfer of funds is necessary to reconcile a projected deficit in the operating account that funds contract 2306-01091 for recycling services, which is used by the Juvenile Temproary Detention Center ("JTDC"), which was increased pursuant to board item 24-2963. From Account(s): 11100.1440.10155.520830, PROFESSIONAL SERVICES, $100,000.00 To Account(s): 11100.1440.10155.520050, SCAVENGER & HAZ MAT SERVICES, $100,000.00. Total Amount of Transfer: $100,000.00 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? The JTDC received board approval for an increase in contract 2306-01091...
Indexes: TIMOTHY C. EVANS, Chief Judge, Circuit Court of Cook County

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PROPOSED TRANSFER OF FUNDS

 

Department:  Office of the Chief Judge, Juvenile Temporary Detention Center  

 

Request:  To approve a transfer of funds between accounts within the Office of the Chief Judge. 

 

Reason:  A transfer of funds is necessary to reconcile a projected deficit in the operating account that funds contract 2306-01091 for recycling services, which is used by the Juvenile Temproary Detention Center (“JTDC”), which was increased pursuant to board item 24-2963. 

 

From Account(s): 11100.1440.10155.520830, PROFESSIONAL SERVICES, $100,000.00

 

To Account(s): 11100.1440.10155.520050, SCAVENGER & HAZ MAT SERVICES, $100,000.00.

 

Total Amount of Transfer:  $100,000.00 

 

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?

 

The JTDC received board approval for an increase in contract 2306-01091 for recycling services, and upon further analysis determined that the increase may result in a negative variance in the budgeted account for these services. This finding prompted a budget transfer request to avoid funding failures and exceptions.  

 

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 JTDC proposes to use funds from Professional Services to cover the negative variances within the Scavenger Services account, which was identified based on changes in the timing of certain expenditures that may not occur in FY24. 

 

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.

 

The JTDC under estimated the tonnage of recycled waste that would need to be picked up from the facility. 

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