Transfers of Funds
REG 07.30.01
Financial Reporting and Accounts Receivables
Print-friendly version 
Authority: Vice Chancellor for Finance and Business
History: First Issued: November 1, 2001.
Additional References: University Controller's Website
Contact Info: University Controller (919-515-3824)
1. Purpose
The following statement provides procedures for the transfer of revenues,
expenditures, or cash among University accounts.
2. General Guidelines
Transfer journal entries are used to correct errors which have caused a charge
or a credit against the wrong account and/or to transfer cash balances between
accounts if the transfer is allowable under the restrictions imposed upon
the accounts.
CASH TRANSFER OBJECT CODES (8XXX and 08XX) SHOWN IN THE CHART OF ACCOUNTS
ARE RESTRICTED TO USE BY THE ACCOUNTING OFFICE AND SHOULD NOT APPEAR ON ANY
DOCUMENTS GENERATED BY CAMPUS COLLEGES OR DEPARTMENTS WITHOUT UNIVERSITY ACCOUNTING
OFFICE AUTHORIZATION.
3. Procedures
3.1. Prepare a memorandum requesting a transfer and submit
it to the Manager of General Accounting, Box 7203,
NCSU Campus. A request for transfer must provide
complete justification and include specific
information (e.g., deposit number, payment
authorization number, etc.) relating to the original
receipt or expenditure document.
3.2. If the transfer is approved, the General Accounting
Office will send a copy of the journal entry to the
department which submitted the request. If the
transfer is not approved, the department will be
notified and provided with an explanation.
