Yes, in order to have an accurate record of expenses. No, they are all equally important. This can be done using the appropriate form which is then submitted to Resource Management. Yes, since transfers are reflected in adjusted budgets which are explained in the next section. The original budget consists of the original allocations at the start of the fiscal year.
Adjusted budgets reflect transfer of funds in and out of the account or among expense lines.
At the end of a fiscal year, the final adjusted budget may be quite different from the original one. The Budget Administrator is normally the Department Chair or the Program Director. The Budget Administrator is responsible for oversight of the budget and for authorizing payment of expenses. Typically a secretary is so designated. At the end of the fiscal year, budgets are expected to have a non-negative balance.