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PROPOSED TRANSFER OF FUNDS
Department: Office of the Chief Judge, Circuit Court of Cook County
Request: Transfer of funds
Reason: To reallocate remaining 2018 funds between various operating accounts, based on final projections
From Account(s):
Non-capitalizable Project Expenses: 1280-18380-521531, $54,000.00;
Books and Periodicals: 1300-14185-530640, $100,000.00;
Food Services: 1310-10210-520209, $100,000.00
Non-capitalizable project expenses: 1326-18380-521531, $50,000.00
Juvenile Electronic Monitoring: 1326-15295-540130, $25,000.00
Special, Coop Programs: 1326-15295-521313, $279,500.00)
To Account(s):
Adult Electronic Monitoring: 1280-10215-550137, $341,000.00;
Medical Consultations: 1440-35495-521024, $45,000.00
Auto Operations: 1326-14930-540250, $12,500.00
Services for Minors: 1326-35520-520470, $210,000.00
Total Amount of Transfer: $608,500.00
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 was apparent that the accounts would need an infusion of funds on or about 11/1/2018. Remaining account balances on that date were:
Adult Electronic Monitoring: 1280-10215-550137, $21,908.00;
Medical Consultations: 1440-35495-521024, $204,796.00
Auto Operations: 1326-14930-540250, $3,151.00
Services for Minors: 1326-35520-520470, $219,715.00
Thirty days prior the balances were about:
Adult Electronic Monitoring: 1280-10215-550137, $343,000.00;
Medical Consultations: 1440-35495-521024, $210,000.00
Auto Operations: 1326-14930-540250, $7,500.00
Services for Minors: 1326-35520-520470, $206,000.00
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 sources used represent estimated available funds after estimate...
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