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Journals Definitions

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Cost Transfer Principles

Cost Transfer is moving an expense onto a Sponsored Project (5 Fund) when the expense was initially charges to another account, either a Non-Sponsored or Sponsored Project. Sponsored Programs Policy 2113 Cost Transfers and Payroll Reallocations was revised in January, 2016. The changes are the result of the need to tighten our internal controls to support adequate documentation of the reason why the cost transfer is being made, how the cost transfer directly benefits the project to which the costs are being moved, and that the Principal Investigator has approved the transfer. A Cost transfer Justification Form is now required to be submitted to ORS for both less than 90 day cost transfers and for those over 90 days.

Please view the updated Policy 2113 - http://www/finance.upenn.edu/vpfinance/fpm/2100/2100_pdf/2113.pdf

Download the Cost Transfer Justification Form - http://www.upenn.edu/researchservices/pdfs/Cost%20Transfer_justification_form%20UPenn%20122315%20FILLABLE.pdf

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Fast Facts


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