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File #: 16-1938    Version: 1 Name: Fund Transfer To allow Facilities Management to purchase additional custodial supplies
Type: Transfer of Funds Status: Approved
File created: 2/29/2016 In control: Board of Commissioners
On agenda: 4/13/2016 Final action: 4/13/2016
Title: PROPOSED TRANSFER OF FUNDS Department: Facilities Management Request: Fund Transfer Reason: To allow Facilities Management to purchase additional custodial supplies From Account(s): 200-333, $100,000.00 To Account(s): 200-330, $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 on 2/23/2016 that account 330 would need additional funding. As of 2/22/2016 the balance was $54,003.00 and on 1/26/2016 the balance was $77,137.00 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. This account was chosen because of the amount of unencumbered funds Identify any pr...
Indexes: BILQIS JACOBS-EL, Director, Department of Facilities Management

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PROPOSED TRANSFER OF FUNDS

 

Department:  Facilities Management 

 

Request:  Fund Transfer 

 

Reason:  To allow Facilities Management to purchase additional custodial supplies 

 

From Account(s):  200-333, $100,000.00

 

To Account(s):  200-330, $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 on 2/23/2016 that account 330 would need additional funding. As of 2/22/2016 the balance was $54,003.00 and on 1/26/2016 the balance was $77,137.00 

 

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.

 

This account was chosen because of the amount of unencumbered 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.

 

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 amount in the account listed above. 

 

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