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PROPOSED TRANSFER OF FUNDS
Department: Assessor
Request: Transfer of Funds
Reason: Additional Funds are needed in the 579 account for Computer Equipment
From Account(s): 040-240, $100,000.00
To Account(s): 040-579, $100,000.00
Total Amount of Transfer: $100,000.00
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 10/30/2013 that the receiving account would require an infusion of funds in order to meet current obligations. 30 days prior to that date, the balance in the 040-579 account was $4,903.00
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 being used as the source of transferred funds is the 040-240 account for External Graphics. This account was identified as having sufficient funds to meet any pending obligations for the remainder of the Fiscal Year. No other accounts were considered as a source of the transferred funds.
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.
The transfer of funds is necessary to buy computer equipment which includes laptops, desktops, and printers for our new Exemption Fraud Department. Due to new legislation, this department must be up and running by December 1, 2013. Since our 2014 Capital request for this department was drastically cut, it is necessary to use the extra funds in our 2013 operating budget. Due to unexpected hardware failure we need, immediately, to replace (3) servers.
If the answer to the above question is ...
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