Timeliness of Cost Transfers As stated above, it is important that cost transfers be made as soon as the error is discovered, but not later than 120 days after the original charge was made. If the transfer must be made after 120 days, an explanation of the reason for the delay must also be provided. In no instance may cost transfers be made after the Grant and Contract Fund Closeout Adjustment Period without the prior approval of Research Services. Since you are making a correction to an original charge, there is an assumption that an error occurred. Provide a correlation of the item to the project to which the cost is being transferred, i.e., does the cost benefit the project.
Space is limited here, so a brief comment is appropriate.
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