title
PROPOSED TRANSFER OF FUNDS
Department: Cook County Health and Hospital Services
Request: FY25 CCH Transfer of Funds - July
Reason: CountyCare Managed Care to Professional Services
From Account(s):
Department 4896-CountyCare
Budget Account -Description 521160 Managed Care Claims
Transfer Amount $20,000,000.00
Justification FY25 membership has exceeded budget
To Account(s):
Department 4896-CountyCare
Budget Account - Description 520830 Professional Services
Transfer Amount $20,000,000.00
Area of Operations CountyCare
Justification: Budget transfer is needed to cover administrative
cost associated with higher membership, such as
TPA fees, benefit managers, etc.
Total Amount of Transfer: $20,000,000.00
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?
See the tables above for justification of transfers
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.
Based on CountyCare’s year-to-date memberships
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.
FY25 membership has exceeded budget resulting in increased expenses. Budget transfer is needed to cover administrative cost associated with higher membership, such as TPA fees, benefit managers, etc.
end