To ensure that all costs are appropriately reflected, cost transfers (often referred to as an expenditure transfer) are sometimes needed to correct, or accurately reflect the appropriate account number or object code.
In accordance with federal regulations, cost transfers should be completed
within a reasonable time frame from the date of the original transaction
and be accompanied by an explanation, as to why it is necessary. If these
transfers are not completed within 120 days of the original date of transaction,
an additional explanation must be added to the transfer to explain the
tardiness. Expenditure transfers are to be made using the electronic forms
EB-14 (non-salary expense transfer) and EB-15 (salary expense transfer).
When the department does not process an electronic document but uses a
paper form, it will be assessed an administrative fee.
- JHU Guide to Internal Controls
- Reason
codes from a recent administrative bulletin
- Non-Salary Cost Transfer (EB14) - FITT
Training Workshops
- Click
here for an Adobe version of a Non Salary Expense Transfer Form (coming
soon)
- Click
here for an Adobe version of a Salary Expense Transfer Form (coming
soon)
