Expenditure Transfers Between Funding Sources

Similar documents
SPS Forms: Troubleshooting & Tips for Success

BUSINESS POLICIES AND PROCEDURES MANUAL Revised Travel Services

BUSINESS POLICIES AND PROCEDURES MANUAL Revised 9-14 Purchasing Services

Inter-Department Invoice Voucher may sometimes be necessary to:

Travel Expense Reimbursement

Expenditure Objects and Subobjects

BUSINESS POLICIES AND PROCEDURES MANUAL Revised 5-11 Controller s Office

Account Balances/Detail


FIRST UIC ADMINISTRATIVE STAFF LEADERSHIP CONFERENCE Striving for Excellence

Leave Report for Overtime-Exempt Faculty and Administrative Professional Employees

Purchasing Card. An Overview for Purchasing Officials. Patty Gropp (509)

OLD DOMININION UNIVERSITY DEPARTMENTAL FINANCIAL AND ADMINISTRATIVE PROCEDURES AND PRACTICES MANUAL

Salary/Wage Cost Transfers Involving Sponsored Projects Policy

Ann & Robert H. Lurie Children s Hospital of Chicago Cost Transfer Policy Federal Awards (effective date: 9/1/17)

Effective Date: 01/25/2013. Supersedes: 08//2008. Responsible Authority: Division of Research Director, Research Accounting

Lunch & Learn Sponsored Projects

BUSINESS POLICIES AND PROCEDURES MANUAL Revised 1-17 University Receivables

University of Nebraska at Omaha Service Center Procedure Appendix to Service Center Policy

To be eligible for a P-Card the applicant must meet the following criteria:

12/12/2018. Departments/Travelers may book through the following: Travel Agency Online Agency Directly with a Vendor

Cost Sharing Guide. Revised June 2015

BUSINESS POLICIES AND PROCEDURES MANUAL Revised Motor Pool

PROCEDURE: UM Procard Purchasing Card Procedure

COLUMBIA UNIVERSITY POLICY ON SPONSORED PROJECT COST TRANSFERS

P-CARD TRAINING. For P-Cardholders I

Research & Sponsored Programs Accounting Policy Recharge Centers and Annual Approval of Rates POLICY STATEMENT

UW-Madison Cost Transfers

PURCHASING CARD PROCEDURES

Contracts & Grants ESTABLISHING THE CONTRACT OR GRANT SYSTEM ACCESS & USER GROUP SECURITY ONLINE FINANCIAL REPORTS

DIVISION OF RESEARCH RECHARGE FACILITIES OPERATING PROCEDURES. August SW 8th Street MARC 430 Miami, FL

University of Mississippi Medical Center Policy on Service Centers

Manage Finances: Focus on Balances. Reference Guide April 2015

Procurement Card Program Guide. JP Morgan Chase VISA Card

Subrecipient monitoring responsibilities are shared among the following:

Work assignments located on AP Website Work assignments based on Letter, Volume, Unique payment types, Contracts

Disclosure of Financial Interests & Management of Conflicts of Interest, Public Health Service Research Awards

Travel Expense Voucher

Agenda. Pre-Trip Approval Booking Travel Methods of Payments. During Travel Travel Status Allowable Expenses Unallowable Expenses

Faculty and Staff of St. Thomas University

CITY OF BOWLING GREEN PROCUREMENT CARD POLICY AND PROCEDURES SECTION 1 INTRODUCTION

MANSFIELD UNIVERSITY PURCHASING CARD POLICIES AND PROCEDURES GUIDE FOR CARDHOLDERS

Post Award Overview OSP or IAC reviews terms and conditions and negotiates any terms which AU cannot accept

Service Center Procedure Appendix to Service Center Policy

FEDERAL GRANTS MANAGEMENT FOR HEALTH CENTERS

FY 2018 Budget Prep Training Manual

FLORIDA STATE UNIVERSITY POLICY 7A-5 COST TRANSFER POLICY. This policy applies only to cost transfers between or to sponsored projects.

Procedures for Service Centers

Payment Upon Separation of Employment

PRE TRIP. Travel Training. Agenda 12/22/2017 WASHINGTON STATE UNIVERSITY

The College of Idaho

DRAFT ADMINISTRATIVE PRACTICE LETTER

608 Taxability of Employee Benefits

1. Operating Budget PTA

Office of Sponsored Projects Cost Transfer Policy for Federally Sponsored Projects. Purpose. I. Introduction. Definition. Applicability of this Policy

Purdue Research Foundation Commercial Card Handbook Table of Contents

Table of Contents. Journal Entry Training Guide

Advances (Including Petty Cash and Accounts Receivable)

AP 571 PURCHASING CARD COMMERCIAL CREDIT CARD PROGRAM

Administrative Professional Salary Determination and Adjustment

FISCAL YEAR-END REVIEW

PURCHASING CARD GUIDE

New York University UNIVERSITY POLICIES

Office of Purchasing and Contracts PROCEDURES MANUAL January 16, 2015

Gift Cards and Cash Equivalents Purchase and Use

Wesleyan University: Finance Inquiry Training

NDSU P U R C H A S I N G C A R D T R A I N I N G

Payment for Unused Sick Leave

Procurement Card Processing Manual

COLORADO STATE UNIVERSITY Financial Procedure Instructions FPI 6-2

UC MERCED PROCUREMENT CARD APPLICATION

SERVICE CENTER POLICY

Part 10: SSAI SCSEP Program Finance Procedures

Prepared by Office of Procurement and Real Property Management. This replaces Administrative Procedure No. A8.230 dated July 2012

Elizabeth City State University. Purchasing Card Manual

Updated 07/07/2018 ID 19, Page 1 of 6

FINANCIAL MANAGEMENT MANUAL

Do You Get Federal Funds? Find out What s Changing with Uniform Guidance

State Purchase Card Processes

P-Card Training Office of Procurement Services

The University of Texas at Tyler. The Joint Admission Medical Program Audit Report

TABLE OF CONTENTS POLICY STATEMENT.1 APPLICABILITY 1 REGISTRATION FOR CONFERENCES, SEMINARS, EDUCATIONAL EVENTS, PROFESSIONAL MEETINGS AND TRAININGS 2

SINGLE AUDIT UPDATE. Presented By Joel Knopp, CPA

U.S. Department of Housing and Urban Development Community Planning and Development

PLANT ACCOUNTING: FABRICATED PROPERTY P ACCOUNTING MANUAL Page 1 PLANT ACCOUNTING: FABRICATED PROPERTY. Contents. I.

Domestic Travel. Traveling within the United States

Implementation and Readiness Guide for the OMB Uniform Guidance Prepared by the Council on Governmental Relations (COGR) Introduction

National Association of Community Health Centers FOM / IT

Purchasing & General Services. Procurement Card Manual

Western Michigan University Federal Costing Principles Policy

TRAVEL CARD PROCEDURES

PROCARD USER S MANUAL

CHARGING PRACTICES FOR FEDERALLY FUNDED GRANTS AND CONTRACTS 2009 (Revised) UNIVERSITY OF CALIFORNIA DAVIS

Service Center Policy and Procedures University at Albany

5101: (a) By the twentieth of September for the June through August time period;

COUNTY OF MONTEREY PROCUREMENT CARD PROGRAM

Departmental Petty Cash Fund Procedures. Table of Contents. Page

The Basics of Budget Preparation. Janet Boyles Pre-Award Services Office of Sponsored Programs

University Card Program Manual

Payroll Office. Effort Certification. A final FY2018 payroll will be run on Friday, July 6, 2018 to process June ECR s and salary transfers.

Transcription:

30.25.1 REQUESTING TRANSFERS To help assure proper documentation and certification of expenditures, faculty and staff are to apply the following procedures when requesting transfers. Department chairs, principal investigators, and account administrators are responsible for monitoring expenditures and account balances. Account administrators and principal investigators correct errors or clear overdrafts by requesting transfer of direct charges between funding sources. The following procedures require prompt correction of the errors or overdrafts. See also BPPM 30.21. Forms Expenditure Transfer Request Expense Assignment Action STATE ACCOUNTS Programs Deadlines Use an Expenditure Transfer Request form to make an expenditure transfer that does not involve salaries. Use an Expense Assignment Action (see BPPM 58.03) or a Position Action (see BPPM 58.02) to make a salary transfer. Transferring charges from or to state accounts. State accounts include accounts in programs 01 through 10 and programs 15 and above. (For a definition of program see BPPM 30.05.) Initiate a nonpayroll transfer request within 90 days of the original charge's date as shown in the online Account Balances/Detail Application. Expenditures incurred in a given fiscal year cannot be transferred after the July cutoff date following year-end. Payroll must receive a wage transfer request within 30 working days of the charge's date as shown in the online Account Balances/Detail Application. NOTE: This time limit applies to transfers involving state accounts in programs 01 through 10 only. SPONSORED ACCOUNTS Transferring charges from or to sponsored accounts. Programs Sponsored accounts include accounts in programs 11 through 14.

30.25.2 BUSINESS POLICIES AND PROCEDURES MANUAL Requirements Departments should avoid frequent, late, or inadequately explained transfers to sponsored projects. Personnel are to ensure that expenditures are initially assigned to the correct account. On an exception basis, (SPS) may transfer a given expenditure more than once. Do not transfer expenditures from one sponsored account to another for any of the following reasons: Clearing an overdraft. (NOTE: A transfer between a home account and a subaccount may be acceptable.) Avoiding restrictions imposed by law. Avoiding restrictions in a sponsored agreement. Convenience. Such expenditures may only be transferred to a state-supported account in programs 01-10 or to other appropriate nonfederal funding sources. NOTE: The above requirements are from Uniform Guidance Subpart E: Cost Principles (2 CFR 200.400). Allowable Transfers Expenditure transfers are allowable between closely related projects when the transfer meets all of the conditions specified in the sponsor's policies or guidelines or award terms and conditions. The following conditions are typical for an allowable transfer: The projects are scientifically and technically related, and The projects are under the direction of the same principal investigator, and There is no change in the scope of the individual projects involved, and The transfer is not detrimental to each individual project, and The transfer is not used to circumvent the terms and conditions of an individual award. Overdrafts On occasion, one of the following situations occurs, causing a sponsored account to be exceeded. Overdrafts happen while awaiting supplemental funding, awaiting expenditure transfers to nonfederal funding sources at account closeout, and/or awaiting expenditure transfers from subaccounts to home accounts or home accounts to subaccounts. Refer to overdraft procedures in BPPM 30.21 for additional information.

30.25.3 Terminated Accounts Departments may transfer overdrafts from terminated sponsored accounts to state accounts, other appropriate nonsponsored accounts, or fixed price consolidation accounts by using objectsubobject 03-WV. When using this object/subobject, it is not necessary to itemize each direct cost transaction. Under Justification enter explanation #1. (See Justification/Explanation for a description of justifications.) In such cases, SPS should be contacted prior to coding the account since a transfer may impact sponsor billings. Deadlines 90 Days SPS must receive the request within 90 days of the transaction date of the original charge as shown in the online Account Balances/Detail Application. Exceptions Expenditure Reports Route deadline exception requests to the SPS Officer for approval. Explain why the transfer was not initiated in time to meet the 90- day deadline and what internal control procedures have been implemented to reduce the risk of reoccurrence. If a sponsor's final expenditure report is upcoming, submit a transfer request in time for the transfer to be posted at least 30 days prior to the due date. See also BPPM 40.03 for expenditure deadlines. EXPENDITURE TRANSFER REQUEST Obtaining Forms The Expenditure Transfer Request form is available in PDF and FileMaker formats on the Procedures, Records, and Forms (PR&F) website at: policies.wsu.edu/prf/index/forms/ Preparation To: (1) Sponsored Accounts Instruction numbers correspond to numbers on the samples. Sections without numbers are considered self-explanatory. Indicate the request's destination. Check only one block. Send all requests involving accounts in programs 11 through 14 to.

30.25.4 BUSINESS POLICIES AND PROCEDURES MANUAL Payroll Send requests to transfer wages (object 01) to. EXCEPTION: Send transfer requests involving wages in programs 11-14 to SPS. Travel Send requests to transfer travel expenditures (object 04) to Travel Services. EXCEPTION: Send travel transfer requests involving accounts in programs 11-14 to SPS. IRI Desk Send requests to transfer interdepartmental expenditures to the IRI Desk of the Controller's Office Revenue Section. EXCEPTION: Send interdepartmental transfer requests involving accounts in programs 11-14 to SPS. Other Questions Send other requests to. Direct questions regarding the request to the indicated office. Figure 1

30.25.5 Transfer From: (2) Amount for Wages Enter the coding for account(s) which originally incurred the expenditure. Account coding includes: program, budget, project, object, and subobject. Also enter other requested information regarding the transaction, i.e., document and reference numbers, the amount, vendor number, and vendor name. This information is available from the online Account Balances/Detail Application or the Budget Statement. Enter gross pay under Amount when making wage transfers. Refer to the Budget Statement, the online Account Balances/Detail Application, the Payroll Expenditure Audit Report (PEAR), or Query Payroll Expense in DEPPS for gross pay. (See BPPM 55.22 for a description of the PEAR and DEPPS.) When requesting a partial transfer of wages, enter the partial gross pay under Amount. When transferring wages from multiple funding sources, enter the applicable gross pay amounts on individual lines in Amount. For work study transfers, enter only the departmental charge in Amount. Do not include charges for benefits in Amount. Benefits are automatically calculated and included by Payroll. Figure 2

30.25.6 BUSINESS POLICIES AND PROCEDURES MANUAL Transfer To: (3) Wage Transfers (4) Payroll Dates Enter the coding for account(s) that will assume the expenditure and enter the amount to be transferred to each account. The remaining fields on this line need not be completed. Enter the requested information for the employee. Transfer wages for only one employee per form. Transfers involving multiple employees require multiple forms. Enter the dates (begin and end) of the work period(s) to which the transfer corresponds or enter the end date(s) of the pay cycle(s) in which the expenses were earned. NOTE: Pay cycle earned dates are different than the payment expensed dates listed in BALANCES. Separate the entry for each work period or pay cycle with a comma. Hours Worked Attachments Enter the number of hours worked for each transfer line, separated by a comma. To assist in processing large wage transfers for the same employee, a department may attach supporting documents (e.g., Excel spreadsheets) that adequately indicate the following: Existing funding source (account coding) line for each transfer; Associated work period or pay cycle for each transfer line; and Associated gross amount for each transfer line. NOTE: The department must attach the supporting documents to a completed Expenditure Transfer Request. The department enters a summary of the wage transfer request on the form, including: Account coding Total gross pay in Amount Begin and end dates of the period(s) worked by the employee Justification/Explanation (5) Enter the number of the explanation that best describes the reason for the expenditure transfer. The transferred expenditure must be an allowable, allocable and reasonable expense for the account receiving the expenditure. NOTE: The originating department must retain sufficient documentation to support transfer allowability to future auditors.

30.25.7 Justification/Explanation (cont.) The purpose of the expenditure transfer is one of the following: 1 To remove an overdraft of a terminated sponsored project by transferring expense(s) to a state or local project or a fixed consolidation account. (Use object-subobject 03-WV.) 2 To move an expense from one state or local project to another state or local project. Example: To equipment replacement funds or a gift account. Additional justification is not required. 3 To correct a typographical error. Example: A data entry error caused the wrong account code to be entered. The error was found when the principal investigator reviewed periodic accounting reports. 4 To correct an account coding error. Example: A principal investigator has multiple awards and the wrong project number or object code for this expense was given to the account administrator. The error was found when the principal investigator reviewed periodic accounting reports. 5 To redistribute a high number of low cost individual or minor charges. Example: Copy machine rental, paper costs, telephone charges, mailing charges, or office supplies were billed to departmental accounts, but a portion of the total applies to a sponsored project. (NOTE: Telephone, mailing, and office supply costs must be in the proposal budget as approved by the sponsor.) If an expenditure is identifiable as an entry in Account Balances/Detail, a reference is required. If not identifiable, departments must maintain internal records/logs of such usage to support the adjustment. Provide details on the Expenditure Transfer Request. 6 To record a change in the original decision as to the use of the goods or services. Example: A case of beakers originally charged to a teaching program is subsequently transferred to a research project. The requestor is certifying that the expenditures are appropriate charges to the recipient account.

30.25.8 BUSINESS POLICIES AND PROCEDURES MANUAL Justification/Explanation 7 To record a transfer between interrelated accounts. These (cont.) expenditures are being transferred between interrelated accounts. Sponsor guidelines and procedures have been followed in determining interrelatedness. (NOTE: The process for establishing interrelatedness varies among sponsors.) 8 Other reasons. Explain how the error occurred, and how the costs will benefit the funding source. The above explanations are not all inclusive. If the reason for the transfer is not adequately described in the first seven explanations, include a detailed explanation indicating how the error occurred and how the costs will benefit the funding source receiving the expense. An explanation, which merely states that the transfer is being made to correct an error, or to transfer to the correct account, or to correct costs that were inadvertently charged to an incorrect account is not sufficient. Principal Investigator (6) Administrator (7) Effort Certification (8) The principal investigator responsible for the sponsored project which will receive the expenditure signs the request. This line is usually left blank when transferring expenditures to state accounts. An authorized departmental or administrative representative from the department which assumes the expenditure signs the request. This representative must have been delegated expenditure authority for the supporting account. See BPPM 70.02 for an explanation of expenditure authority. Complete this section when transferring a temporary employee's wages to an account in programs 06-14. A supervisor or administrator who signed the employee's Daily Activity Report and who has firsthand knowledge of the expended effort signs the certification statement. See BPPM 40.34 for a description of effort certification. Routing The department from which the expenditure is transferred retains a copy and routes the original to the department which will assume the expenditure. After approving the request, the recipient account's department retains a copy and routes the original to the designated administrative section in the Controller's Office.

30.25.9 Records Retention Refer to BPPM 90.01 for records retention requirements. Departments are to retain sufficient documentation to adequately explain and justify expenditure transfers to auditors.