FROM: Account not overspent.........................TO: Any appropriate account with fundingno funding gap between award periods,
same project title, and
same/similar sponsor award number.
FROM: Overspent account................................TO: Any appropriate non-federal account with funding
Costs CAN NOT be transferred from overspent accounts to federal accounts or federal flow-thru accounts. An exception is made
for federal continuation accounts which must meet certain criteria-
Costs from overspent accounts CAN be transferred to non-federal accounts.
Costs on cost-reimbursable accounts must be incurred during the award period.
Costs transferred on to federal accounts must be made within 90 days of the transaction date OR within 90 days of the federal account being established. **
Utilizing these concepts:
Only if the federal funds to be received are truly continuation funds should an established federal account be used to hold costs until the
additional federal funds are received.
In all other cases where there are costs that need to be incurred on federal projects before the award is received, a request for an advance account
number should be processed. An advance account number should be utilized whenever the new award is not continuation funding or it is unknown whether
the federal funding will be continuation funding.
for the advance account number request template.
An overspent federal account's costs can be transferred to a continuation federal account or non-federal appropriate account.
An overspent non-federal account's costs can not be transferred to a federal account.
An overspent non-federal account's costs can be transferred to an appropriate non-federal account.
An overspent account's costs can always be transferred to an unrestricted source (incentive funds, fixed price funds, departmental funds).
** This excludes payroll transactions which post to the null (allocation has no driver worktag: project, program, gift or grant). These transactions
on the "from" side will have no driver worktag thus they did not post within Workday.