Transfers for the purpose of expending remaining funds on a project are not allowable. The correcting entry should include a statement certifying that the adjusted charge or credit is correct and appropriate. Transfers between continuation grants and the new project number was not established when the expense was incurred . It is possible that a continuation grant account number is not established promptly, so continuation grant charges that have been incurred on or after the start date of the continuing award may have been temporarily charged to the prior year's account. Pre-award costs that are specifically authorized in writing by the sponsor.
Pertinent information is received subsequent to the date of the original entry.
It is impractical or impossible to allocate charges at the time of the original entry. An award fails to materialize and charges have been incurred on the grant or contract account . Costs incurred subsequent to the anticipate beginning date of the award will have to be transferred to another funding source. Approval may be considered if justified by extraordinary circumstances. The memo should be routed through the Department of Contract Administration for review and approval before any transfers are processed by the Payroll Department.