TRANSFERRING EXPENDITURES FROM A PRIOR BIENNIUM

Transferring from a prior biennium  Common questions  “Can I transfer from a closed biennium?”  I’m getting the following error. How can I transfer this?” The biennium you are attempting to transfer expenses from is closed. A transfer can only be allowed to appropriately allocate costs based on effort expended on a grant.  My Administrator told me I HAVE to transfer this salary. Is there a work around for this?

Transferring from a prior biennium  Why is MyFD Customer Support getting these questions?  System rule that won’t allow salary or non-salaries to be transferred, from a prior (closed) biennium  Exception to this rule is grant budgets Must be budget type 05 and excludes classes 34, 52, 53, Biennium2009 Biennium Eeek! We need to transfer Bob’s salary from May-June09! He shouldn’t be paid on budget

Transferring from a prior biennium Transaction Summary Report Expense Transfer Form

Transferring from a prior biennium Budget Type you’re transferring TOExpenditure typeSystem to use Non-grant (state, revenue generating, gift, etc) SalaryTransfer not possible Grant (Budget Type 05, excluding class 34, 52, 53, 57) SalaryMyFinancial.desktop Non-grantNon-SalaryUse online JV process from Banking & Accounting (will loose visibility to historical data & audit trail) Grant (same exceptions as above) Non-SalaryMyFinancial.desktop

Transferring from a prior biennium Q: How do I know if the budget I’m transferring “TO” is a grant? A: Check the budget profile report.

Transferring from a prior biennium  Reminders!  Closed biennium transfers allowed in MyFD when: both credit and debit budgets are open Transferring “TO” a grant budget Budget Type 05 Excluding class 34, 52, 53, 57  Salary transfers are not allowed in MyFD when one of the criteria above is not met  Non-salary transfers are allowed via online JV process (Banking & Accounting)