Cost Transfers
Cost Transfers Heading link
Cost transfers move expenses from one fund to another after the charge has been posted in Banner. Cost transfers should be initiated promptly and supported by documentation justifying the transfer. The OBFS Sponsored Projects Cost Transfers policy describes appropriate handling of cost transfers and provides details on the types of cost transfers, allowable and unallowable cost transfers, exceptions to the policy, procedures for completing cost transfers, and FAQs.
Cost Transfer Documentation Quick Reference Heading link
Type | Current Transfers | Non-Current Transfers |
---|---|---|
Initiated within 90 calendar days of the original underlying transaction date in Banner | Initiated more than 90 calendar days after the original underlying transaction date in Banner | |
Non-Personnel (Journal Voucher) | Should be noted in FOATEXT:
|
Same as current transfers plus:
|
Personnel (Labor Redistribution) | Should be documented in personnel files or Banner PZAREDS Comments tab:
|
Same as current transfers plus:
|