Corresponding revenue transfers will be accomplished automatically in order to keep the total expenditures and revenue budgets in balance. Salary recapture adjustments will result in a temporary transfer of funding between the personnel budgets and the operating funds. Normally, only Deans and Vice Presidents have salary recapture budgets. Temporary transfers to and from the salary recapture budgets and the department operating budgets are made by the respective Dean or Vice President. Equipment expenditures within the State Budget that are not funded by the President's Equipment Reserve are to be charged against the department's operating budget funds.
Financial managers are to maintain a positive balance in their operating and equipment budget funds.
Negative balances are to occur only in extraordinary circumstances, and only with prior approval by the appropriate Dean or Vice President. When negative balances occur, financial managers are expected to have a fiscal plan established in order to return the fund to a positive balance within the fiscal year.