Budget Adjustment

Policy

Approved appropriated annual budget: The authorized amount of funding, by specific budget category, appropriated for operations and projects by the Budget and Appropriations Committee of the Church and approved by the Council on the Disposition of Tithes.

Implementation

Non-appropriated entities may transfer funds between budget categories without restriction. With Budget Office approval, entities funded through appropriations may transfer budget to other appropriated entities or within their own area throughout the year within these category restrictions:

1.1 Salaries and Wages

Transfers may be made within all Salary and Wage categories; however, no additional full-time or part-time faculty or staff may be employed in excess of the approved FTE figures.

1.2 Benefits:

Budget may not be transferred into or out of the benefit category.

1.3 Travel:

Budget may not be transferred into or out of the travel category.

1.4 Materials and Supplies and General and Administrative:

Budget may be transferred between these two categories, or from these two categories to Equipment and Physical Facilities.

Equipment: Budget may not be transferred out of this category, however, Materials and Supplies and General and Administrative budget may be transferred into this category.

Physical Facilities: Budget may not be transferred out of this category, however, Materials and Supplies and General and Administrative budget may be transferred into this category.

1% Carryover: Carryover funds have no restrictions. They may be transferred into any of the other categories including Travel and Benefits. Funds must be transferred from this category to be spent and it is the responsibility of each financial entity to initiate these transfers. Non-appropriated entities may transfer funds between budget categories without restriction. With Budget Office approval, entities funded through appropriations may transfer budget to other appropriated entities or within their own area throughout the year within these category restrictions:

Disclaimer

The policies on this website (including any university procedures, processes, benefits, courses of conduct, or oral or written statements arising from or related to these policies) do not constitute any legally enforceable contract, obligation, or liability on the part of the university, except to the extent that they are incorporated by reference into a written agreement signed by an authorized university official. These policies do not alter the “at-will” employment status of any university employee hired on an “at-will” basis. The university reserves the right to interpret, revise, or withdraw these policies at any time and at its sole discretion.