Authorization of Budget Adjustments
The Financial Management Services Budget Administration division reviews requests to transfer budgeted funds for all accounts (following the approval of the appropriate campus officers). Requests to transfer budgeted funds for contracts and grants (40-59 accounts) are reviewed by the Financial Management Services Contract and Grant Administration division and are subject to policies and regulations of the sponsoring agencies.
Three considerations determine the feasibility of processing a budget transfer request:
An answer to the first question is based primarily on the status of the current budget balance, although the historical expenditure patterns of the source of funds identified may also be considered.