State funds are intended to be used to support current year operations. Each unit oversees its financial activity in accordance with University policies. Unit administrators are responsible for monitoring, amending, and operating within their budgets.
Budget adjustments are made because the unit has changed its plan for allocating its budget. Units may adjust their operating budgets if done between similar and allowable fund types. Gift transfers are not budget adjustments. They are handled through a transfer of revenue. These fund transfers must comply with the donor intent restrictions assigned to the specific gift funds.
Determine whether your college or administrative unit business office requires review and approval before submission to staff assigned the budget function in the office of your campus OBFS executive officer (campus budget office).
Last Updated: November 15, 2010 | Approved: Senior Associate Vice President for Business and Finance - November 2010