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PROPOSED TRANSFER OF FUNDS
Department: Cook County Sheriff's Office
Request: Fund Transfer
Reason: The transfer is needed to pay the increase in the food services contract and purchase institutional supplies through the end of the fiscal year.
From Account(s): 11100.1232.13265.540149 - Other Maintenance Services, $1,850,000.00
To Account(s): 11100.1239.16875.520210 - Food Services, $1,300,000.00; 11100.1239.16875.530188 - Institutional Supply Expense, $550,000.00
Total Amount of Transfer: $1,850,000.00
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?
We became aware of the need to infuse funds on July 28, 2022. The balance for the food services account was $3,895,550.00 and $135,035.00 in the institutional supply account. The balance of the food service account was $4,738,395.00 and $419,463.00 for institutional supplies thirty days before.
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 Sheriff's Office Electronic Monitoring (EM) account has a surplus of funding, due to the EM population being lower than projected. This was the only account considered.
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.
The Sheriff's Office projected a higher Electronic Monitoring population for fiscal year 2022 than what has occu...
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