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Revenue Transfers
A revenue transfer is the moving of cash that has already been posted to another account.
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Best Practices
- The cash balance in the account to be debited must be sufficient to accommodate the transfer.
- Transfers of revenue may be completed anytime during the fiscal year prior to the date set in the State Financial Cutoff Dates for Year End and will be effective on the date processed.
- Transfers of revenues require appropriate approval as determined by the policy of each administrative unit.
- You may not process a Revenue Transfer for State Operating Accounts or DIFR accounts because they are allocation-based. Please see Allocation Transfers.
- Fee and Service revenue should not be transferred out of approved accounts without permission from the Cost Accounting Group.
- If a Revenue Transfer is not allowable, please consider if an expenditure transfer would be appropriate.
What Is Needed to Complete a Revenue Transfer
- The debit account number to transfer revenue from.
- The credit account number to transfer revenue to.
Revenue Transfers are ONLY allowed between the below funding sources:
| Charge Funding Source | Credit Funding Source | Allowable | Forms and Documentation |
|---|---|---|---|
| mgm casinoF Endowment | mgm casinoF Spendable | Yes | Requires formal approval from all donors to that account. Contact Revenue Operations Manager Rachel Hassett for assistance. |
| mgm casinoF Endowment | mgm casinoF Endowment | Yes | Requires formal approval from all donors to that account. Contact Revenue Operations Manager Rachel Hassett for assistance. |
| mgm casinoF Spendable | mgm casinoF Spendable | Yes | Transfer request email to ubf-journal@buffalo.edu. |
| mgm casinoF Spendable | mgm casinoF Endowment | Yes | Requires formal approval from all donors to that account. Contact Revenue Operations Manager Rachel Hassett for assistance. |
Contact an Expert
State Revenue Transfers
Leah Kerr
IFR, Revenue Accounting and Treasury Management
Financial Management
Phone: 716-645-0232
Email: rev-transfer@buffalo.edu
Research Foundation Revenue Transfers
Brendan Davis
Accounting: Non-sponsored RF
Financial Management
Phone: 716-645-2602
mgm casino Foundation Revenue Transfers
Rachel Hassett
Revenue Operations Manager
mgm casino Foundation
Phone: 716-645-8719
Email: hassett2@buffalo.edu