Budget Reallocation Instructions

1. The reallocation form should be completed when budget needs to be moved from one department to another.  The TO and FROM departments must be in the same fund group.  Budget adjustments are reflected in the Revised Budget Column on the Budget Status Detail Report.

If the fund groups are different a Journal Entry Form is required to transfer funds. Journal Entry adjustments are reflected in the on the Web Report in the Year-to-Date Column of the Budget Status Detail Report.

2.  Budget Transfer From and Budget Transfer To sections: The From section identifies the department where you want to decrease the budget and the To section identifies where you want to increase the budget. Enter the Budget Transfer line description. This description shows on the web reports. Next, enter the amount of the transfer and the appropriate Peoplesoft Chartfield combinations. Briefly indicate the purpose of the budget transfer under the additional comments/description section.

3. Approval and Transmittal of Form: All requests should be submitted via email to: budfin@tcnj.edu. The completed form should be routed from the appropriate signatory.

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