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File #: 21-4115    Version: 1 Name: PROPOSED TRANSFER OF FUNDS
Type: Transfer of Funds Status: Approved
File created: 7/7/2021 In control: Board of Commissioners
On agenda: 7/29/2021 Final action: 7/29/2021
Title: PROPOSED TRANSFER OF FUNDS Department: Office of the Chief Financial Officer Request: To approve budget transfer Reason: To provide funding for project management services provided by Grant Thornton LLP in relation to the Cook County Property Assessment and Tax Integration Project (Item # 21-4090) From Account(s): 11000.1490.11030.521313 To Account(s): 11000.1490.33840.520830 Total Amount of Transfer: $150,000.00 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? 7/1/2021. $40,000.00 and $40,000.00 30 days prior 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. Fixed charges has sufficient funds available to support the transfer Identify any p...
Indexes: AMMAR RIZKI, Chief Financial Officer, Bureau of Finance

title

PROPOSED TRANSFER OF FUNDS

 

Department:  Office of the Chief Financial Officer 

 

Request:  To approve budget transfer 

 

Reason:  To provide funding for project management services provided by Grant Thornton LLP in relation to the Cook County Property Assessment and Tax Integration Project (Item # 21-4090)

 

From Account(s):  11000.1490.11030.521313

 

To Account(s):  11000.1490.33840.520830

 

Total Amount of Transfer:  $150,000.00 

 

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?

 

7/1/2021.  $40,000.00 and $40,000.00 30 days prior 

 

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.

 

Fixed charges has sufficient funds available to support the transfer 

 

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.

 

 Management of Cook County Property Assessment and Tax Integration Project 

 

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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