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Funds Transfer

FTAR Instructions for a Transfer Between Operating & Non-Operating Funds2

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PURPOSE

Transfer funds between Operating and Non-Operating funds.


DEBIT

Identify the appropriate Accounting Distribution for the funds to be Transferred Out

(Use of Funds / Expense)


CREDIT

Identify the appropriate Accounting Distribution for the funds to be Transferred In

(Source of Funds / Revenue)


Note: 2 Transfers In and Transfers Out account listing (most common transactions):

DEBIT Transfers Out

8975  Transfers Out to Operating Funds

8976  Transfers Out to University Overhead

8978  Transfers Out to Sponsored Projects and Internal Grants

8981  Transfers Out to Facility Reserves

8982  Transfers Out to Equipment & Technology Reserves

8983  Transfers Out to Operating Reserves


CREDIT Transfers In

5960  University Allocation - Base

5961  University Allocation - One-Time

5963  Transfers In from Operating Funds

5966  Transfers In from Gift Funds

5967  Transfers In from Endowment Funds

5969  Transfers In from Equipment & Technology Reserves

5970  Transfers In from Operating Reserves