|CMP 430-26: Voluntary Fund Transfers|
To list and define the use of voluntary transfer-out expense account codes and voluntary transfer-in revenue account codes.
Voluntary fund transfers may be made between PeopleSoft Financial Departments to fund expense activity in the receiving (transfer-in) Department. Transfers are not allowed for state departments (Fund Code beginning with a "1", Speedtype suffix *F11 or *F12 ) and agency units (Fund Code beginning with a "7"or Speedtype suffix of *F7* ). As a general rule, voluntary fund transfers should be used to provide funding support for expense activity outside the funding Department's Program Code and that is more appropriate for another Department expense activity type (see CMP 202: Establishment of Dept/Units for Dept/Unit activity coding information). Some examples include:
A transfer-out to an Department must be offset by a transfer-in from another Department for the same dollar amount.
Transfers between PS Departments are processed through a Departmental Journal (IDT journal source). Valid journals are routed to the department being charged (transfer out) for approval. The journal is then routed to Financial Accounting Services for final approval if less than $5,000. Transfers greater than $5,000 are routed to the Budget Office prior to being routed to Financial Accounting Services for final approval .
|Transfer-Out Expense Account Code|
|Account Code Name||Account||Definition|
|Voluntary Transfer-In||810500||to transfer in revenue (credit)|
|Voluntary Transfer-out||830500||to charge transfer-out expense (debit)|
For information on expense to expense transfers, see CMP 430-29: Expense Transfers - Non Payroll
For information on revenue to revenue transfers, see CMP 308-30, Revenue Transfers
For instructions and a form for transferring Payroll Expenses, visit the Payroll Web Site or see CMP 430-28.
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