title
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, $34,000,000.00; Acct 501166-Planned Salary Adjustment, $1,000,000.00; Acct 501142-Sal/Wag Special Acct, $5,000,000.00; Acct 501296-Sal/Wag of Per Diem Emp, $2,000,000.00; Acct 520830-Professional Services, $500,000.00; Acct 521024-Medical Consultation, $1,000,000.00; Acct 530790-Medical Supplies, $1,200,000.00; Acct 540149-Other Maintenance Services, $3,000,000.00; Acct 550080-Medical Equipment Rental, $1,100,000.00. See attached spreadsheet for more details.
To Account(s): Acct 521120-Registry Services, $33,740,000.00; Acct 520830-Professional Services, $7,000,000.00; Acct 521024-Medical Consultation, $260,000.00; Acct 530790-Medical Supplies, $1,000,000.00; Acct 520390-Contract Maintenance Serv, $2,500,000.00; Acct 560185-Medical Equipment, $4,300,000.00. See attached spreadsheet for more details.
Total Amount of Transfer: $48,800,000.00
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?
2nd Quarter of the FY23 projected surplus $57M in salaries
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 the 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 manne...
Click here for full text