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PROPOSED TRANSFER OF FUNDS
Department: Cook County Health and Hospital Service
Request: Transfer of Funds
Reason: Agency expense
From Account(s): Acct 501010-Sal/Wag of Reg Employees, $17,000,000; Acct 501166-Planned Salary Adjustment, $1,000,000; Acct 501296-Sal/Wag of Per Diem Emp, $1,000,000; Acct 530910-Pharmaceuticals Supplies, $5,000,000; Acct 550080-Medical Equipment Rental, 6,000,000.)
To Account(s): Acct 521120-Registry Services, $29,000,000; Acct 520830-Professional Services, $1,000,000
Total Amount of Transfer: $30,000,000
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?
CCH is anticipated to end the year with surplus of approximately $70M in payroll should the payroll performance remains the same as last four pay periods.
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.
DBMS provides the Payroll Tracker with a surplus due to vacant positions
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.
Hospitals including CCHHS are having trouble finding enough qualified candidates to fill health care staffing gaps in timely matter causing an unobligated surplus to develop in CCHHS salary Acct. CCH continues to hire to fill existing vacancies and reduce agency spend
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