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PROPOSED TRANSFER OF FUNDS
Department: Justice Advisory Council (JAC)
Request: The JAC is requesting the Cook County Board of Commissioners to authorize the transfer of funds from one JAC account to another.
Reason: The transfer will help to support GVPR grantees, but to build capacity building and technical assistance to those grantees.
From Account(s): 11287.1205.39001.580170 and Grant Distribution, $5,000,000.00
To Account(s): 11287.1205.39001.520830 and Professional Services, $5,000,000.00
Total Amount of Transfer: $5,000,000.00
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?
On 4/1/2023 it became apparent that 520830 - Professional Services required an infusion of funds in order to meet obligations. The balance on 4/1/23 was $193,179 and the balance on 2/28/23 was $452,108.
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 current account is used for our GVPR grant disbursements. The transfer will continue to support GVPR grantees, but to build capacity building and technical assistance to those grantees.
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.
This transfer is shifting costs to the correct account. The original budgeted amount was correctly budgeted. Operational changes necessitate the transfer to prope...
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