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PROPOSED TRANSFER OF FUNDS
Department: Department of Building and Zoning; Office of Economic Development
Request: Transfer of Funds
Reason: Additional budget necessary to continue funding of professional services contract
From Account(s): 11000.1027.10155.501010.00000.00000, Salaries and Wages, $130,000.00
To Account(s): 11000.1160.10155.520830.00000.00000, Professional Services, $130,000.00
Total Amount of Transfer: $130,000.00
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?
April 28, 2023; account balance is $4,894.20
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.
Funding was available within the Bureau of Economic Development due to unfilled positions at this point in Fiscal Year 2023.
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 originally budgeted in a manner that caused an unobligated surplus to develop at this point in the fiscal year.
Intention is to fill budgeted positions; however the hiring process is not all at once and varies in length of time, hence the unobligated surplus in this account.
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