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PROPOSED TRANSFER OF FUNDS
Department: Commissioner Peter Silvestri, 9th District
Request: Transfer funds
Reason: May, 2017 1% holdback and district is fully staffed
From Account(s): 520825 Professional Services )
To Account(s): 501005 Salaries and Wages of Employees with Benefits
Total Amount of Transfer: $3,140.00
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?
7/7/2017; balance was $149,172.64 on 7/7/2017
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.
Surplus funds in Professional Services
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.
Dollars were earmarked for web development services. A new web page is in the process of being developed by a staff member at a much lower cost.
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