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PROPOSED TRANSFER OF FUNDS
Department: Facilities Management
Request: Transfer of Funds
Reason: To Supplement Funding
From Account(s): 1100.1200.12355.520830.00000.00000, Professional Services
To Account(s): 11100.1200.12355.540350.00000.0000 Property Maintenance and Operations
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?
October 4th, Historically account 540350 has never been funded properly to cover elevator maintenance costs. The Balance is $22.001.13. The balance 30 days prior was $294,463.43
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.
Due to the available funding in the account listed above.
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 transfer is being made to allow Facilities Management to have the necessary funds to cover the unforeseen emergency circumstances - watermain breaks a Skokie Courthouse as well as elevator repairs at South Campus that were outside of the norm.
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