Funding and Investment Transfers

Transfers Summary

• Transfers are broken down into two sub-groups: Funding Transfers and Investment Transfers. Both types of transfers identify the movement of funds for specific activities or expenses. Funding Transfers represent the movement of operating funds; Investment Transfers represent the movement to/from non-operating funds. You must use the same object code on both sides of a journal entry.
  
   

  Funding Transfer Object Codes Summary

  Item Type	Value Range
  Revenues	4XXXXX
  Funding Transfers	6XXXXX
  Expenses	7XXXXX
  Investment Transfers	8XXXXX

Funding Transfers

• Funding Transfers identify the movement of operating funds
• The object code values for Funding Transfers are in the 6XXXXX range (between Revenues and Expenses) to represent that each transfer can be viewed as both a Revenue and Expense
  • Revenue for unit receiving
  • Expense for unit funding

• Funding Transfers can be categorized into three main subcategories

  • Funding within a Planning Unit
  • Funding Transfers across Planning Units
  • Foundation Related Transfers

  Funding Transfer Object Codes Summary

  Object Code C Level	Value	Name
  Funding Within a Planning Unit	610100	Funding Transfer – Within Units
  Funding Transfers Across Planning Units	620100	Funding Transfer – Across Units
  Foundation Related Transfers	640100	Transfer Fund Balance
  Foundation Related Transfers	640200	IC Transfers within Restricted
  Foundation Related Transfers	640300	TRF to Support More Restrictive Acct
  Foundation Related Transfers	640310	OUF TRF Cutler Scholars Pooled
  Foundation Related Transfers	640320	OUF TRF Cutler Scholars SUC

• Please refer to the Object Code Hierarchy for specific Object Code names and numbers

Entity Restrictions

There are restrictions relative to Transfers (Funding and Investment) and account number Entity segments.

• Transfer object codes (6XXXXX and 8XXXXX) may be used between University Entities (10-33).
• Transfer object codes (6XXXXX) may be used between Student Organization accounts with Entity 80 on both sides of the transfer.
• University Entities (10-33) may not transfer to/from Foundation Entities (50-69) or Student Organization accounts (Entity 80).
• Similarly, transfers between Foundation Entities (Entities 50-69) and Student Organization accounts (Entity 80) are not allowed.

A correction is required when a posted journal inadvertently violates the entity restrictions. Per the JET User Guide, use the Category TRANSFER-FUNDING INVESTMT for such a correction.

For information on how to use transfer codes with Research Incentive (RI) awards, please see the General Accounting FAQs.