title
PROPOSED TRANSFER OF FUNDS
Department: Department of Budget & Management Services
Request: Transfer of funds
Reason: Insufficient funding in GIS capital account
From Account(s): 11000.1490.11030.521313
To Account(s): 11249.1009.21120.560225
Total Amount of Transfer: $800,000
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?
On 11/4/22 there was only $2k available in the receiving account.
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.
Adequate funding in fixed charges to cover short fall.
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.
Due to savings on projects budgeted in fixed charges, this funding is available for use to cover unanticipated costs that arose this year.
end