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PROPOSED TRANSFER OF FUNDS
Department: Treasurer’s Office
Request: An approval to transfer funds within Fixed Charges
Reason: To maximize the available funding to load the postage meter
From Account(s):
11000.1490.16995.520830.00000.00000 $2,130,103;
11000.1490.11030.520830.00000.00000 $400,000
To Account(s): 11000.1490.16995.520260.00000.00000 $2,530,103
Total Amount of Transfer: $2,530,103.00
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 10/28/2025, the available funding was $805,406.91
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.
Professional Service contracts have not been utilized as much as anticipated.
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.
N/A
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 budget within the professional services is to pay for the bank fees. The fees are not as high as anticipated, resulting in a favorable variance. The budget also supports consulting contracts which are not utilized as much as forecasted.
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