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PROPOSED TRANSFER OF FUNDS
Department: Department of Budget and Management Services
Request: Transfer of funds
Reason: To allocate funding within the Opioid Remediation and Abatement Fund
From Account(s): 11290.1014.10155.580380.00000.00000; $364,924.16
To Account(s): 11290.4240.18006.530910 - $118,237.40; 11290.4891.18006.530910 - $10,562.92; 11290.4893.18006.530910 - $14,359.67; 11290.4894.18006.530910 - $7,581.90; 11290.4897.18006.530910 - 214,183.27
Total Amount of Transfer: $364,924.16
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?
The Opioid Remediation and Abatement Special Purpose Fund was established to receive funds from the National Multistate Opioid Settlement, and $5 million has been appropriated for the Opioid Fund. On June 12, 2023, pharmaceutical supplies for the opioid use disorder purchased by Cook County Health were determined allowable costs under the Opioid Settlement. The proposed transfer is to move funds to the appropriate account for such costs.
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 entire FY2023 appropriation for the Opioid Fund is budgeted in one object account.
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.
This account was selected in anticipation of identifying spe...
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