Budget Office

Budget Frequently Asked Questions (FAQs)

Budget Planning

Budget Transfer

What is TMCC's planning process? back to top

TMCC relies on a unified, college-wide system to develop financial plans, allocate resources and track expenditures. The president and the cabinet function as the starting point from which the college's budget and financial planning decisions flow. Read more about the financial planning process!

Who is involved in TMCC's planning process? back to top

Please refer to the budget process diagram PDF icon.

See also: TMCC's Budget and Financial Planning Process

What is the timing of the budget process? What are major steps? back to top

Please refer to the budget calendar PDF icon.

When do I need to process a budget transfer? back to top

When an account does not have an available balance to cover a proposed expenditure in an object category.

See also: Budget transfer form

When do I use a budget transfer form? back to top

  1. When you need to move budget funds from one object code to another object code within the same account (both state and non-state accounts).
  2. When you need to move budget funds from one state account to another state account within the same function (e.g. instruction function, student services function).
  3. Budget transfers are not used to transfer budget funds between non-state accounts. Non-state accounts transfer cash between accounts; Cash transfers are used in that situation and submitted to the controller's office. The transaction will be booked as a VT (voluntary transfer).
  4. Budget transfers are not used to transfer budget funds between state accounts and non-state accounts. The budgets for state accounts are maintained separately from the budgets of non-state accounts.
  5. Budget transfers are not used to transfer an expense that has been charged to one account to another account; General journal vouchers are used in those situations and are submitted to the Controller's office.

What is a state account versus a non-state account? back to top

  1. A state account is funded by the state appropriation authorized by the legislature; accounts in fund 7104 are state accounts.
  2. A non-state account is funded by cash generated by sales, service, lab fees, other student fees, workshops, grant funds, or similar sources of revenues.

Can budget be transferred from any object in a state account? back to top

  1. Generally, funds are not transferred from a payroll account to a non-payroll account.
  2. Transfers of funds in travel (object 20), operating expense (object 30), and equipment (object 60) are under each department's control.
  3. All full-time professional (object 11), classified (object 14), classified hourly (object 18), and fringe benefits (object 16) are controlled by the budget department and a request to use those funds must be approved before a budget transfer can be processed.

Who must approve a budget transfer request? back to top

An individual who has signature authority on the account.

What do I need to know about completing the form? back to top

Follow these instructions.

How can I get more information on a previously entered budget transfer in Financial Data Warehouse? back to top

Follow these instructions.