Effective: 4/15/1986 |
Revised: 7/1/2019 |
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FIN 207: Closing of Cost Centers, Programs, or Gifts |
To discuss reviews to be performed when a university department desires to close a Cost Center, Program, or Gift
University policy
To close a Cost Center, Program, Gift, Grant, or Project, an authorized cost center manager must submit a request to their Financial Services accountant.
Before a cost center, program or gift can be closed, the department must:
and
Note: | If a surplus exists, the department must indicate the cost center and program, or gift to which the surplus should be transferred, or if a deficit exists, indicate a funding source from which to clear the deficit. |
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