Accounting and Financial Management Governance - TRANSFERS (FY 2018-2019)

Transfers

The following general ledger/commitment items are used to record expense as category 2 and 3 of the Statement of Financial Activity (SoFA) report. Each category defines the purpose, identifies the general ledger number, lists reference materials and transaction details.

Operating Transfers

Purpose

Operating Transfers are an internal exchange of goods and services affecting a unit’s current year net surplus/deficit. Revenue or Expense may need to be divided among funds, business areas, and/or departments, so internal reporting can accurately reflect the level of contribution and match revenues to expenses.

Transfers - Revenue
Transfers - Expense

Non-Operating Transfers

Purpose

The purpose of a non-operating transfer is to move cash not associated with University operations from one fund to another. Non-operating transfers are reported for internal purposes as below the operating margins.

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