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PROPOSED TRANSFER OF FUNDS
Department: Clerk of the Circuit Court of Cook County
Request: Transfer of Funds
Reason: To facilitate capital equipment purchases, which will be reimbursed by the Illinois Supreme Court in 2022 through its "Illinois Court Technology Modernization" Program.
From Account(s): 11100.1335.11570.580380 - $1,161,063.75 - (Credit, Appropriation Adjustments)
To Account(s): 11100.1335.21120.560225 - $1,109,662.40 - (Computer Equipment); 11100.1335.13945.540135 - $51,401.35 - (Working Capital - Maintenance of Data Processing Equipment)
Total Amount of Transfer: $1,161,063.75
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?
The Clerk of the Circuit Court learned that the AOIC would reimburse the purchase of the equipment in March 2022, which necessitates the proposed funds transfer.
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 Clerk of the Circuit Court of Cook County proposes to use Appropriation Adjustments account 580380 which will accumulate reimbursements of certain court costs received from the Illinois Supreme Court and others. The budget transfer into capital IT equipment is necessary to facilitate the procurement. Costs incurred for the equipment 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 available spending authority that will result in the account that funds are transferred from.
N/A
If the answer to the above question is "none" then please explain why this account was o...
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