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PROPOSED TRANSFER OF FUNDS
Department: Cook County’s State’s Attorney’s Office
Request: Transfer of Funds
Reason: Funds needed in professional membership account to pay attorney related dues for office employees.
From Account(s): 11100.1250.35050.501010 (Salary/Wages of Regular Employees))
To Account(s): 11100.1250.14245.501790 (Professional Development Fees)
Total Amount of Transfer: $319,550.00
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?
The need for this transfer of funds became apparent on 8/1/2023. 8/1/2023 Balance $39,193.00; 7/1/2023 Balance $31,286.00
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 salary and wages of regular employees account was identified as having a sufficient balance for this transfer; 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 office has experienced attrition and delayed hiring, thus creating an unanticipated surplus of funds in the salary and wages of regular employee’s account.
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