4.5 Cost Transfers/Corrections

Costs should be charged to the appropriate FOAPAL when they are first incurred. However, it is recognized that there are some circumstances in which this may not be possible. Cost transfers will only be made if the expenditures are applicable to the grant to which they are being charged. Cost transfers must be done within 90 days of incurring the charge and include detailed documentation. For federal grants, cost transfers require completion of a Cost Transfer Form, Journal Entry, and proper documentation. Requests not meeting these requirements may be disallowed. For more information, contact the Grants Accountant.