All transfers must be appropriate to the account being charged. If the account is subject to budget restrictions, the transfer must be allowable under such restrictions. Transfers that alleviate an overrun require all relevant documentation to substantiate the transfer. This is necessary to preserve the Research Base as required by Federal regulations. Transfers for which the receipt date is within the effective dates of the cost objects.
Receipt dates outside the effective dates require compliance approval.
Travel, equipment, and other fixed assets Journal vouchers charging travel, equipment, or other fixed asset accounts must follow the Institute's underrecovery travel and capitalization policies. The travel office assigns trip numbers and reviews charges. The Property office generates a report to validate compliance with MIT policy and assigns an MIT property number. Documents must reference the Purchase Order for the equipment purchased. For proper reporting of Institute, school, and DLC underrecovery, funding documents must reference the WBS element incurring the underrecovery.