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PROPOSED TRANSFER OF FUNDS
Department: 12th District- Commissioner Bridget Degnen
Request: Direct Approval
Reason: To supplement funding for Printing and Postage
From Account(s): 11000.1092.20440.501010, Salaries and Wages of Regular Employees, $25,000)
To Account(s): 11000.1092.20440.520260, Postage, $15,000.000; 11000.1092.20440.520490, External Graphics and Reproduction Services, $10,000.00
Total Amount of Transfer: $25,000.00
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?
November 18, 2024. The account balance was $0 in postage on that date and 30 days prior. The account balance was $1,694 in external graphics and reproduction services on that date and 30 days prior.
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.
Staff turnover during FY24 created a surplus in Salaries/Wages.
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.
Staff turnover during FY24 and delayed timeline for back-filling created a surplus.
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