File #: 19-5343    Version: 1 Name: Transfer of Funds
Type: Transfer of Funds Status: Approved
File created: 8/28/2019 In control: Board of Commissioners
On agenda: 9/5/2019 Final action: 9/5/2019
Title: PROPOSED TRANSFER OF FUNDS Department: Secretary to the Board Request: Approval of a transfer of funds in department 018 Board of Commissioners Reason: To provide essential and enhanced services for the Board of Commissioners, specifically the need for archive supplies and digitization of media. Remaining funds will be utilized to purchase additional supplies for general operation. From Account(s): 11000.1018.19145.501010 Salaries and Wages of Regular Employees, $70,000.00 To Account(s): 11000.1018.19145.530257 Office Expenses Secretary of the Board, $70,000.00 Total Amount of Transfer: $70,000.00 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? 4/25/2019. $29,300.27. $29,300.27 How was the account used for the source of transferred funds identified? List any other accou...
Indexes: (Inactive) MATTHEW B. DeLEON, Secretary to the Board

title

PROPOSED TRANSFER OF FUNDS

 

Department:  Secretary to the Board 

 

Request:  Approval of a transfer of funds in department 018 Board of Commissioners   

 

Reason:  To provide essential and enhanced services for the Board of Commissioners, specifically the need for archive supplies and digitization of media. Remaining funds will be utilized to purchase additional supplies for general operation.

 

From Account(s):  11000.1018.19145.501010 Salaries and Wages of Regular Employees, $70,000.00

 

To Account(s):  11000.1018.19145.530257 Office Expenses Secretary of the Board, $70,000.00

 

Total Amount of Transfer:  $70,000.00 

 

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?

 

4/25/2019. $29,300.27. $29,300.27 

 

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 identified as having the adequate surplus to accomplish the transfer. No other accounts were considered.  

 

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.

 

The account funded all positions for a full year, however, hiring in a position was delayed until later in the year, and an employee is out on medical leave  

 

 

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