How does one “carry forward” funds to the next fiscal year in order to cover the expenses of late charges?
If the funds for projects (distinguished speakers, media, etc.) need to be carried forward at fiscal closing due to late invoices, a carry forward form should be filled out by the department administrative assistant or management services officer for the instructor. Carry forward forms are mailed out by OID around mid-June and are due approximately a week later. The funds are returned to the department in August after funds are received in OID accounts at the opening of next fiscal year.
