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PROPOSED TRANSFER OF FUNDS
Department: Facilities Management
Request: Transfer of funds
Reason: To provide funding for the repair of building and institutional equipment
From Account(s): 200-333, $200,000.00
To Account(s): 200-450, $200,000.00
Total Amount of Transfer: $200,000.00
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?
In June it became apparent that the repair account would need additional funds to enable DFM to purchase services needed for the upkeep of County facilities. The balance was $319,000.00 currently it is $176,000.00 upon the infusion of funds from cancelled purchase orders.
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.
This account was chosen because of the amount of funds that had not been encumbered.
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.
This account was chosen because of the unobligated funds available. There will also be additional funds reallocated to this account by the reduction of several purchase orders.
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