Upon the recommendation of the Chief Executive,
County Council, by resolution may make transfers within and between
departments, offices and agencies or to any new account at any time.
Transfers are the reallocation of approved appropriations in the operating
budget and among capital projects and within grants.
A. Interdepartmental appropriation transfers. Upon the
recommendation of the Chief Executive, County Council, by resolution,
may make operating budget appropriation transfers between departments,
offices and agencies, or to any new account at any time during the
fiscal year.
B. Intradepartmental appropriation transfers. County
Council may authorize by resolution that operating budget appropriation
transfers which are within the same department, office or agency,
may be approved by the joint signatures of the County Controller,
Director of the Department of Budget and Finance and Budget Director
of County Council. Approval of these transfers shall not alter the
total approved budgeted appropriation allocated to a department, but
shall merely reallocate resources within a department's, office's,
or agency's approved budget.
The Chief Executive may authorize the Treasurer
to make temporary, noninterest bearing, internal loans of cash between
any funds of the County or between the County's General Fund and any
capital project, grant project or trust account, to cover temporary
cash flow deficiencies. Any temporary, noninterest bearing, internal
loan must be fully repaid by the close of the County's fiscal year.
The Chief Executive shall notify County Council of such temporary,
noninterest bearing, internal loans.