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Budget Transfers—VT2Effective September 1, 2005, the VT2 Budget Adjustment process has changed. Financial Accounting Services, in conjunction with the Budget Office, has created two new transfers object codes: 7467 (INTRAFUND TRANSFER IN FEE REVENUE ONLY) and 7468 (INTRAFUND TRANSFER OUT FEE REVENUE ONLY). Effective immediately, please begin using these two new object codes for transfers of fee revenue. In most cases, the ability to transfer fee revenue has already been implemented by virtue of audits on fee accounts. In these instances, you may receive errors when you try to approve a VT2 using standard intra-budget object codes (7465/7466). If so, please verify that you are moving fee related budgeted income and if so, change the object codes to reflect the new fee transfers object codes. I have already used 7465/7466 codes on my account. Do I need to process a correction for them? Who can I contact with questions about this and other VT2 issues? VT2 Guidelines from the Budget Office
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