|
| Budget Revision | Transfer | Supplement | Return |
|---|---|---|---|
| Form | Budget Revision Form - indicate transfer | Budget Revision Form - indicate supplement | Budget Revision Form - indicate return |
| When to use | transferring funds from one fund centre to another - typically expense to expense | Increasing both revenue and expense budgets | Decreasing both revenue and expense budgets |
| Scenario | Transfer of funds internally to U of T | Expectation of revenue exceeding original budget | Expectation of revenue does not materialize |
| Differences |
sender expense to receiver expense or sender revenue to receiver revenue
|
both revenue and expense on receiver side | both revenue and expense on sender side |
| Example of completed form | transfer | supplement | return |
| When not to use | Cannot be used to change fund budgets | Cannot be used to change fund budgets | Cannot be used to change fund budgets |
| Supporting documentation to be attached to form |
Printout of instruction to initiate transfer Calculation to substantiate the amount of transfer Evidence of sufficient funds from sender account (FC or Fund report from FIS) |
printout of FC or Fund report from FIS copy of paperwork indicating increase in revenue eg contract |
Consult with Finance Office |
| Authorization | Department Chair/Unit Head | Department Chair/Unit Head | Department Chair/Unit Head |
| Submit to | Cheryl Rhind | Cheryl Rhind | Cheryl Rhind |
| Processing done by | OISE Finance | Planning & Budget | Planning & Budget |