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PROPOSED TRANSFER OF FUNDS
Department: Cook County 8th District Commissioner - Anthony J. Quezada
Request: Approve Transfer of Funds
Reason: Payment for professional services, office supplies, and other expenses
From Account(s):
Fund Dept. Program Parent Account Description Budget
11000 1088 13185 501006 - Sal/Wag of Reg Employees $50,000
Grand Total $50,000.00)
To Account(s):
Fund Dept. Program Parent Account Description
11000 1088 13185 520830 - Professional Services $10,000.00
11000 1088 13185 520485 - Graphics and Reproduction
Services $20,000.00
11000 1088 20220 530600 - Office Supplies $10,000.00
11000 1088 20220 520259 - Postage $10,000.00
Grand Total $50,000.00
Total Amount of Transfer: $50,000.00
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?
The date it became apparent was July 31, 2023. The balance in these accounts on that date was:
11000 1088 13185 520830 - Professional Services $12,069.80
11000 1088 13185 520485 - Graphics and Reproduction
Services $24,771.13
11000 1088 20220 530600 - Office Supplies $15,593.40
11000 1088 20220 520259 - Postage $10,000.00
The balance in these accounts 30 days prior were:
11000 1088 13185 520830 - Professional Services $22.980.60
11000 1088 13185 520485 - Graphics and Reproduction
Services $24,771.13
11000 1088 20220 530600 - Office Supplies $15,593.40
11000 1088 20220 520259 - Postage $10,000.00
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 was identified because it was projected to have a large surplus by the end of the fiscal year.
Identify any projects, purchases, programs, contracts, or other obligations that will be deferr...
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