Cost Transfers for Sponsored Programs

Overview 

BMC expects careful budgeting and timely expense allocation so that posting in the financial system reflects the period in which the expense occurred to the greatest extent possible. However, there will be times when errors occur and a cost transfer is required. In such cases, Research Operations requires a completed cost transfer form (see BMC policy). The form documents the justification, review, and approval for a cost transfer, and creates an auditable record.

BMC Non-Salary CT Form: Completed forms with supporting documentation, as appropriate, should be submitted to your Financial Analyst (FA) for review and approval (contact list for FAs). Additional guidance is provided on the form.

BMC Salary CT Form: Completed forms with supporting documentation, as appropriate, should be submitted with a salary allocation change in the payroll system. Additional guidance is provided on the form.

Cost transfer training is available in our Training Library.