2.2 Transfers and Allocations

(Amended 9/17)

A budget transfer involves transfer of funds from one account to another within a department or college (or other division) of the University. Fund allocations involve the receipt of additional funds when a college, division, or department has overextended an account. The departmental budget officer indicates the account(s) from which the funds will be transferred and the account(s) to receive the funds. Supplemental allocations are made with the approval of the Budget Officer in the Budget Management (Web Budget) application.