Comptroller's Office  Policies and Procedures Manual
Effective: 01/01/2000	Revised: 02/04/2009

CMP 308-30: Revenue Transfers

To list and define the use of revenue to revenue transfers

University Policy

Revenue to revenue transfers between or within a Dept/Units can be performed to correct revenue classification or to distribute revenue collected by one Dept/Unit to another Dept/Unit(s).  Revenue budget lines must exist for the Dept/Unit - Revenue Source combination before the transfer can be completed. 

Revenue to revenue transfers between Dept/Units 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 Dept/Unit to which the revenue was transferred.

Revenue to Revenue transfers must be processed by the Comptroller's Office for non-grant accounts and Sponsored Project Services 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 Sponsored Project Services, Box 4070.

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.