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PROPOSED TRANSFER OF FUNDS
Department: Cook County Treasurer’s Office
Request: Transfer of Funds
Reason: The account below is short funding for the remainder of the current fiscal year because of unexpected IT maintenance and subscription costs mainly driven by the need to extend our legacy cashiering contract to cover from FY 25 to FY 26.
From Account(s): 11854.1060.21120.560245.00000.00000 Furniture Supplies, $300,000.00
To Account(s): 11854.1060.10155.540130.00000.00000 Maint & Subscription Svcs $300,000.00
Total Amount of Transfer: $300,000.00
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 August 11th, 2026 that a transfer would be needed. The balance 30 days prior to that date was approximately $91,828.51.
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 process to purchase furniture has taken more time than expected. We’ve requested funding in the next fiscal year to fund our furniture purchase. Because of this, we will have excess funds to use for this transfer.
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.
We will defer capital purchases until next year to fund this transfer.
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.
N/A
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