2.2 Transfers and Allocations

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 and is unable to transfer funds from one of its other accounts. The departmental executive officer indicates the account(s) from which the funds will be transferred and the account(s) to receive the funds. The form is then submitted to the proper dean or director for approval. If approved, it is then forwarded to the appropriate vice president. All transfers or allocations of funds are then sent to the offices of the University Chief Financial Officer and Treasurer and the President for approval. If approved, copies are returned as designated in the upper right corner of the form. The Business Office and Payroll receive copies so that the necessary changes may be made in the budget.