Cost transfers move expenses between sponsored research projects or between non-restricted SpeedTypes and sponsored projects.
The nature of cost transfers makes them subject to extra scrutiny during audits. Therefore all cost transfer journal entries must be approved by the Campus Controller’s Office (CCO). Different requirements apply to different cost transfers, depending on the timing of the cost transfer and the expense accounts involved. See the Cost Transfer Policy and Guidance for details.
New! Use this quick reference checklist to help you submit and review cost transfers.
What About Fund 30/31 Journal Entries (JEs)?
Journal entries or interdepartmental invoice journal entries (INs) that involve a Fund 30 or Fund 31 SpeedType require the Campus Controller's approval prior to the transaction posting to the general ledger. We will review cost transfers for approval and to ensure that they are in compliance with federal statutes, regulations, CU policies and procedures, and terms and conditions of the award. See the Journal Entry Debit-Credit Convention for more information.
Frequently Asked Questions
Transfers processed between 30 and 90 days after the end of the month in which the transaction appeared on the reporting system statement must include written justification and all relevant back-up documentation. Cost transfers completed more than 90 days beyond the end of the month in which the transaction appeared are considered exceptions and require substantial and reasonable justification.
Header descriptions should provide a clear, complete explanation concerning the transfer and must include:
Please note that according to federal guidelines, “...an explanation which merely states that the transfer was made ‘to correct error’ or ‘to transfer to correct project’ is not sufficient.”