File #: 24-4987    Version: 1 Name: PROPOSED TRANSFER OF FUNDS
Type: Transfer of Funds Status: Approved
File created: 8/27/2024 In control: Secretary to the Board
On agenda: 9/19/2024 Final action: 9/19/2024
Title: PROPOSED TRANSFER OF FUNDS Department: Secretary to the Board Request: Approve Transfer of Funds for Department 018 Board of Commissioners Reason: To provide essential and enhanced services for the Board of Commissioners, specifically upgrading Legistar to include closed caption and the payment of memorial expenses. Remaining funds will be utilized to purchase additional supplies for general operation. From Account(s): 11000.1018.19145.501010 Salaries and Wages of Regular Employees To Account(s): 11000.1018.19145.520830 Professional Services $95,000.00 To Account(s): 11000.1018.19145.530605 Office Supplies $55,000.00 Total Amount of Transfer: $150,000.00 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? Balances on 6/18/2024 were: Professional Services $56,898.22 Office Supp...
Indexes: LYNNE M. TURNER, Secretary to the Board
title
PROPOSED TRANSFER OF FUNDS

Department: Secretary to the Board

Request: Approve Transfer of Funds for Department 018 Board of Commissioners

Reason: To provide essential and enhanced services for the Board of Commissioners, specifically upgrading Legistar to include closed caption and the payment of memorial expenses. Remaining funds will be utilized to purchase additional supplies for general operation.

From Account(s): 11000.1018.19145.501010 Salaries and Wages of Regular Employees

To Account(s): 11000.1018.19145.520830 Professional Services $95,000.00

To Account(s): 11000.1018.19145.530605 Office Supplies $55,000.00

Total Amount of Transfer: $150,000.00

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?

Balances on 6/18/2024 were:
Professional Services $56,898.22
Office Supplies $252.04

Balances on 8/12/2024 were:
Professional Services $19,317.74
Office Supplies $9,248.00

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 had a surplus which could not otherwise be utilized because it was for personnel who could not be hired until a date significantly later than originally planned. 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.

Funding in this account anticipated fil...

Click here for full text