BUDGET TRANSFERS – VTC – F&A adjustment

Note: F&A (Facilities and Administration Costs) are also referred to as Indirect Costs, or Overhead

VTC documents transfer budget from one sub account to another within the same budget group.  Certain restrictions apply when processing a VTC budget transfer on a Sponsored Project account.

BUDGET TRANSFERS ON 26 ACCOUNTS

PROCEDURE:

  1. Investigator identifies which categories are to be affected by the transfer.
  2. All requests for transfers of funds are processed in the FRMS Transfer System, available at https://utdirect.utexas.edu/apps/frms/transfers/.
  3. Upon departmental approval, the VTC routes to SPAA for final review and approval.
  4. An email message is generated to the PI once the VTC has been final approved.