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File #: 15-3328    Version: 1 Name: Trans of Funds 500-260
Type: Transfer of Funds Status: Approved
File created: 5/11/2015 In control: Board of Commissioners
On agenda: 5/20/2015 Final action: 5/20/2015
Title: PROPOSED TRANSFER OF FUNDS Department: Department of Transportation and Highways Request: To allow for a transfer of funds within the Department operating budget, Reason: Provide professional services to review plans /permit for the Department and for Building and Zoning. From Account(s): 500-445, $90,000.00 To Account(s): 500-260, $90,000.00 Total Amount of Transfer: $90,000.00 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? Account 500-445was budgeted for $470,000.00 and as of 5/5/2015 the balance is $246,500.00. The transfer is needed for consulting services that was identified early this first quarter. Department 500 Account 260 is a new line item. Account 260 previously had no appropriation. How was the account used for the source of transferre...
Indexes: (Inactive) JOHN YONAN, P.E., Superintendent, Department of Transportation and Highways
title
PROPOSED TRANSFER OF FUNDS
 
Department:  Department of Transportation and Highways   
 
Request:  To allow for a transfer of funds within the Department operating budget,   
 
Reason:  Provide professional services to review plans /permit for the Department and for Building and Zoning.   
 
From Account(s):  500-445, $90,000.00
 
To Account(s):  500-260, $90,000.00
 
Total Amount of Transfer:  $90,000.00  
 
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?
 
Account 500-445was budgeted for $470,000.00 and as of 5/5/2015 the balance is $246,500.00. The transfer is needed for consulting services that was identified early this first quarter.  Department 500 Account 260 is a new line item. Account 260 previously had no appropriation.    
 
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.
 
Fuel was not expanded as budgeted based on winter operations.   
 
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.
 
N/A  
 
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.
 
Weather related cost savings.  
 
end