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PROPOSED TRANSFER OF FUNDS
Department: Facilities Management
Request: Transfer of Funds
Reason: To allow Facilities Management to rent necessary equipment needed for the up keep of facilities.
From Account(s):
1200-530188 - $50,000.00 (institutional supplies)
1200-520390 - $15,000.00 (contract maintenance)
1200-540350 - $15,000.00 (property maintenance)
To Account(s): 1200 - 550100 equipment rental
Total Amount of Transfer: $80,000.00
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?
On March 1st the balance in the equipment rental account was $36,000.00. The balance on February 4th was $14,000.00
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.
These accounts were identified because of the available balance in the account.
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 department of Facilities Management has needed to rent additional equipment due to the extreme weather.
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