title
PROPOSED TRANSFER OF FUNDS
Department: Department of Facilities Management
Request: Transfer of Funds
Reason: Enable Facilities Management to pay maintenance/repair invoices for elevator maintenance/repairs
From Account(s):
11100.1200.12355.520390 - Contract Maintenance - $220,000.00
11100.1200.12355.530188 - Inst. Supplies - $65,000.00
11100.1200.12355.520050 - Scavenger Services - $50,000.00
To Account(s): 11100.1200.12355.540350 - Property Maintenance - $335,000.00
Total Amount of Transfer: $335,000.00
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?
It became apparent on Oct. 31, 2023, with a balance of $8,674.82 in the account. The balance 30 days prior was $140,057.91.
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 accounts used to source this transfer were identified by the amount of available funds, the length of time remaining, and the amount of outstanding invoicing in FY23
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 accounts were not budgeted in a manner that caused an unobligated surplus, some of the pandemic needs have waned toward the latter part of the year
end