Policy: Lapsed & Released Salary & Unspent Funds

Listing generated on 01/28/2020 at 02:56:01.

(Policy predates system.) - originally became effective on 04/13/1998
Name: Lapsed & Released Salary & Unspent Funds
Number: 10000138
Code: ADM.BU.300.001
Status: Approved and Activated
Administrative Division: VC for Administration & Finance
Responsible Office: VC for Administration & Finance
Effective Date: 11/01/2019
Summary/Purpose: Any lapsed, released, or unspent salary dollars, including graduate student
stipends, shall be allocated at the end of the fiscal year or carried forward
in the subsequent year. Any other unspent funds and/or deficits shall be
carried forward by the originating department and will temporarily increase or
decrease their budget in the subsequent year.
Policy Narrative: PDF File
People Affected:  FACULTY    STAFF  
Keywords: BUDGET
CARRY FORWARD
DEFICIT
LAPSED SALARY
RELEASE FUNDS
UNSPENT FUNDS
Related UM Policies:
Related Resources:

Policy Feedback

Policy History