Cost transfers are internal financial transactions that move posted expenditures from one sponsored project account to another sponsored project account to correct an error or make an adjustment. Cost transfers should be made as promptly after the discovery of the error as possible. The transfer must be certified by the PI and supported by documentation that fully explains how the error occurred. All cost transfers must be allowable on the grant account to which funds are transferred, and be in accordance with funding agency guidelines and University policies. Cost transfers have increasingly become a compliance concern for funding agencies. For information on the policy regarding cost transfers involving sponsored projects, click here.
page last updated 11/23/2015 4:16 PM