Comptroller's Office
 Policies and Procedures Manual

Effective: 01/01/2000
Revised: 02/18/2013 

CMP 308-30: Revenue Transfers


Purpose

To list and define the use of revenue to revenue transfers.


Source

University Policy

Policy

Revenue to revenue transfers between or within a PeopleSoft Financial Departments can be performed to correct revenue classification or to distribute revenue collected by one Department to another Department.  Revenue Account budget lines must exist for the Departments involve in the transfer before the transfer can be completed. 

Revenue to revenue transfers between Departments are different from Voluntary Fund Transfers in that they represent a correction or proper allocation of collected revenue.  As such, they are subject to Budget Office Administrative Fee assessment for non-grant accounts.  The monthly Overhead Fee process will automatically adjust for revenue to revenue transfers, moving the fee to the Departments to which the revenue was transferred.


Procedure

Revenue to Revenue transfers must be processed by the Comptroller's Office for non-grant accounts and Post Award Accounting Services and Fiscal Compliance Accounting and Fiscal Compliance Office for grant accounts. Departments may request transfers by filling out a "Transfer of Funds" form and submitting the form to the Comptroller's Office, Box 4080. Transfers over $5,000 should first send the "Transfer of Funds >$5,000" form to the Budget Office for approval.  For grant accounts, departments may request transfers by filling out the Grant Transfer of Funds form and submitting it to the Post Award Accounting Services and Fiscal Compliance Office  Project Services, Box 4070.


Cross-Reference

For information on expense to expense transfers, see CMP 430-29: Expense Transfers - Non Payroll

For information on transfer-out object and sub-object expenditure codes, see CMP 430-26, Transfer-Out.

For instructions and a form for transferring Payroll Expenses, visit the Payroll Web Site or see CMP 430-28.


NAU Home Page | Comptroller's Office Home Page | Back to Table of Contents
Email Webmaster
 

Back to Top