How do I complete a cost transfer?

Answer

• Step 1: Determine if the transfer is allowable as outlined in Cost Transfers Principles and Expectations.
• Step 2: Determine if you need to process a current or non-current cost transfer.
• Step 3: Use a Banner Journal Voucher (JV) or Labor Redistribution form to transfer costs.
• Step 4: For current transfers, skip to step 5. For non-current transfers (both non-personnel and personnel transfers, complete a Form GC81: Cost Transfer Justification for Sponsored Projects.
• Step 5: Retain copies of supporting documentation for all cost transfers in your unit.
• Step 6: If the transferred or redistributed expenditures were previously confirmed, then unit contact information may be required to submit a request for an updated semi-annual confirmation report.