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File #: 21-3545    Version: 1 Name: Transfer of Funds
Type: Transfer of Funds Status: Approved
File created: 6/2/2021 In control: Board of Commissioners
On agenda: 6/24/2021 Final action: 6/24/2021
Title: PROPOSED TRANSFER OF FUNDS Department: Office of the Chief Judge, Circuit Court of Cook County Request: To approve a budget transfer between accounts within the Office of the Chief Judge Reason: To facilitate capital equipment purchases and related license costs, which will be reimbursed by the Illinois Supreme Court in 2021 through its "COVID Rapid Relief Funding for Remote Capabilities" Program From Account(s): 11100.1310.10155.580380, $(1,003,090.00) CREDIT, Appropriation Adjustments To Account(s): 11100.1310.20192.560225 (Computer Equipment) - $587,190.00 11100.1310.20192.521531 (Noncapital Services) - $82,610.00 11100.1310.15050.540135 (Maintenance) - $333,290.00 Total Amount of Transfer: $1,003,090.00 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? This transfer will...
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: To approve a budget transfer between accounts within the Office of the Chief Judge

Reason: To facilitate capital equipment purchases and related license costs, which will be reimbursed by the Illinois Supreme Court in 2021 through its "COVID Rapid Relief Funding for Remote Capabilities" Program

From Account(s): 11100.1310.10155.580380, $(1,003,090.00) CREDIT, Appropriation Adjustments

To Account(s):
11100.1310.20192.560225 (Computer Equipment) - $587,190.00
11100.1310.20192.521531 (Noncapital Services) - $82,610.00
11100.1310.15050.540135 (Maintenance) - $333,290.00

Total Amount of Transfer: $1,003,090.00

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?

This transfer will facilitate the purchase of capital equipment funded by the State of Illinois. The County informed the Court of the need for the formal budget transfer on June 1, 2021.

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.

For the source of the budget transfer, the Office of the Chief Judge proposes to use Appropriation Adjustments account 580380 which accumulates reimbursements of certain court costs received from the Illinois Supreme Court and others. The budget transfer into capital IT equipment and its related operating accounts is necessary to facilitate the procurement. Costs incurred for the equipment and its licenses will be reimbursed by the Illinois Supreme Court later this year.

Identify any projects, purchases, programs, contracts, or other obligations that will be deferred, delayed, or canceled as a result of the reduction in avail...

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