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PROPOSED TRANSFER OF FUNDS
Department: Budget & Management Services
Request: To approve budget transfer
Reason: To provide funding for cash match portion of BOT/DOTH’s broadband grant (item #20-4005)
From Account(s): 11000.1490.1490.11030.521313
To Account(s): 11000.1490.1490.15050.580170
Total Amount of Transfer: $86,000
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?
July 2020. Zero balance
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 account used to transfer funds was identified as having enough funds to accommodate the various special program expense with minimal impact to the selected account for future expenditures.
Other accounts considered was Fixed charge account 11000.1490.11030.580300
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.
The certain projects will be deferred to FY21.
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.
N/A
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