Cost Transfers
Cost transfers must be made within 90 days from when the original cost was incurred. Transfers after 90 days are granted either based upon an exception to the policy or under extenuating circumstances. Additionally, the following rules apply to cost sharing:
- Must comply with principles of direct costs.
- Project funds are NOT interchangeable.
- Transfers are a means of correcting errors, NOT managing project funds.
- Must be supported with a full, detailed explanation, not just what was done, but why the transfer is necessary.
- Costs allocable to several projects CANNOT be charged to a single project.
- Costs not allocable to a project CANNOT be charged or transferred to that project, even temporarily.
- For more information see the Cost Transfer Policy
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