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Internal Transfers Policy
Publication Date: March 17, 2025
Revision Date: April 14, 2025 - V1.1
Effective Date: April 14, 2025
Related Link:
- Financial Services Knowledge Base
Related Memorandums, Announcements, and Revision Notes
April 14 2025 - Version 1.1: P2.3 removal of "of a previous fiscal year". P4.1 now indicatesthat “Approval from Financial Services is required prior to processing a transfer reducing the fund balance from a 1A fund unless the transfer meets the criteria of one of the exceptions included in P4.2”. P4.2 was added and provides the exception criteria.PR2 was modified from “if the sum of all transfers of revenue” to “if the sum of all amounts reducing the fund balance”. PR3 waswas added and states that “If the transfer qualifies as an exception under P4.2, the reason for the exception must be documented in the journal’s FOATEXT”