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PROPOSED TRANSFER OF FUNDS
Department: Department of Facilities Management
Request: Transfer of Funds
Reason: To replenish funds needed to offset Covid-19 expenses
From Account(s):
11100.1200.12355.501010, $700,000.00
To Account(s): 11100.1200.12355.540350, $700,000.00
Total Amount of Transfer: $700,000.00
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 was noticed on 5-1-2020 with a balance of this account is $391,614.00 and the balance 30 days prior was $1,487,269.00
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 due to the account being able to absorb this amount.
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.
Because of the additional measures needed to be taken for the Covid-19 maintenance of facilities.
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