File #: 18-6870    Version: 1 Name: Transfer of Funds
Type: Transfer of Funds Status: Approved
File created: 11/5/2018 In control: Board of Commissioners
On agenda: 11/14/2018 Final action: 11/14/2018
Title: 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 m...
Indexes: TIMOTHY C. EVANS, Chief Judge, Circuit Court of Cook County

title

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 estimated remaining expenses are accounted for. 

 

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.

 

521531, expected non-capitalizable costs for the court’s probation case management project will fall short of expectations due to project delays;

530640, certain expected books and related materials form judges and legal staff are trailing expectations;

520209, surplus in juror food accounts has resulted from clearing old purchase order balances;

540130, expected Juvenile Probation electronic monitoring charges are trailing expectations;

521313, costs for residential services for minors shifted from this account to 520470. 

 

 

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