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PROPOSED BUDGET AMENDMENT
FY2016 Amendment No. 8
SOURCE OF FUNDING: N/A
EXPLANATION OF AMENDMENT: Revise Section-9 of the Budget Resolution to allow the newly appointed Superintendent the time and flexibility to address operational needs based upon a thorough assessment of the JTDC.
IMPACT OF AMENDMENT: $0
BUDGETARY UNIT: Volume I - Resolution, Section-9
COMMENTS:
Section 9. In order to make necessary transfers of $10,000 or less within and between the 100 (excluding the 110 account), 200, 300, 400, 500, 600 and 800 accounts/account series, the Elected Officials, Heads of Departments, Offices, Institutions or Agencies are hereby required to request and receive advance approval from the Director of Budget and Management Services. Upon request and justification from the Agency, the Director of Budget and Management is hereby authorized to review said transfer requests and approve said transfer requests in an amount equal to $10,000 or less within and between accounts without Board approval. A report of such approved transfers shall be made to the Cook County Board of Commissioners by the Director of Budget and Management Services via placement of said report on a Board Agenda on a quarterly basis. Except for transfers authorized in Section 8, transfers requested that are equal to or less than $10,000 from the 110 account or greater than $10,000 that are within or between the 100, 200, 300, 400, 500, 600 or 800 account series will require the advance approval by the Board; transfers requested that are equal to or less than $10,000 from the 110 account or greater than $10,000 that are within or between the 100, 200, 300, 400, 500, 600, or 800 account series in the Health and Hospital System or for the Land Bank will require the advance approval by the Health and Hospitals System Board or the Land Bank Board, respectively. No transfers are required for shifts in funds between business units within the same department for non-personnel a...
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