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PROPOSED TRANSFER OF FUNDS
Department: Board of Commissioners – 8th District Commissioner Jessica Vásquez
Request: Approve transfer of funds
Reason: To re-allocate a surplus created by staffing vacancies to pay for postage and printing services
From Account(s): 11000.1088.13185.501010.00000.00000 - Sal/Wag of Reg Employees, $28,000.00
To Account(s):
11000.1088.13185.520508.00000.00000-Printing and Inside Reproduction Services, $10,000.00;
11000.1088.13185.520260.000000.000000 – Postage, $18,000.00
Total Amount of Transfer: $28,000.00
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?
All accounts are meeting obligations. The transfer of funds is due to a surplus.
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 account was identified because it was projected to have a large surplus by the end of the fiscal year. No other accounts were considered.
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 account was originally budgeted for the salary and wages for a full office team of 1 commissioner and 4 staff. Due to some short-term vacancies, spending from this account were greatly reduced and it is expected to have a large surplus at the end of the fiscal year.
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