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PROPOSED TRANSFER OF FUNDS
Department: Department of Facilities Management
Request: Transfer of Funds
Reason: To supplement funding for hiring
From Account(s):
11100.1200.12355.530188, Institutional Supplies, $100,00.00.
11100.1200.12355.540350, Property Maintenance, $50,000.00
To Account(s): 11100.1200.12355.501010, Salary/Wages of Regular Employees, $150,000.00
Total Amount of Transfer: $150,000.00
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?
February 23, 2024, it became apparent that funds were needed. The balance in this account was $37,000,872.00
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.
Due to the available funding in the two accounts listed above.
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 being made to allow Facilities Management to have the necessary funds to put through additional employee positions needed.
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