File #: 15-5201    Version: 1 Name: Fund Transfer - DFM
Type: Transfer of Funds Status: Approved
File created: 8/26/2015 In control: Board of Commissioners
On agenda: 9/9/2015 Final action: 9/9/2015
Title: PROPOSED TRANSFER OF FUNDS Department: Facilities Management Request: Transfer of Funds Reason: To allow Facilities Management to purchase commodities and services needed to manage the upkeep of all County facilities. From Account(s): 200-129, $70,000.00; 200-183, $5,000.00; 200-185, $4,500.00; 200-186, $11,000.00; 200-260, $2,000.00; 200-320, $3,000.00; 200-353, $2,700.00; 200-440, $4,000.00; 200-401, $15,000.00; 200-444, $15,000.00; 200-449, $5,600.00; 200-120, $50,000.00; 200-333, $85,500.00 To Account(s): 200-450, $199,800.00; 200-638, $30,000.00; 200-215, $25,500.00; 200-461, $18,000 Total Amount of Transfer: $273,300.00 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 in August of 2015 that there would be a need for additional funding ...
Indexes: BILQIS JACOBS-EL, Director, Department of Facilities Management
title
PROPOSED TRANSFER OF FUNDS

Department: Facilities Management

Request: Transfer of Funds

Reason: To allow Facilities Management to purchase commodities and services needed to manage the upkeep of all County facilities.

From Account(s): 200-129, $70,000.00; 200-183, $5,000.00; 200-185, $4,500.00; 200-186, $11,000.00; 200-260, $2,000.00; 200-320, $3,000.00; 200-353, $2,700.00; 200-440, $4,000.00; 200-401, $15,000.00; 200-444, $15,000.00; 200-449, $5,600.00; 200-120, $50,000.00; 200-333, $85,500.00

To Account(s): 200-450, $199,800.00; 200-638, $30,000.00; 200-215, $25,500.00; 200-461, $18,000

Total Amount of Transfer: $273,300.00

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 in August of 2015 that there would be a need for additional funding transferred into these accounts. These funds will allow DFM to encumber additional funds on existing purchase orders and contracts needed for the upkeep of County facilities.

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.

These accounts were chosen because of the amount of funds that had not been encumbered.

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.

These accounts were chosen because of unobligated amounts.


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