What do I do at the end of the fiscal year if the budget in a certain line item is spent and we urgently need to purchase something using that object code?
• Identify funds from one of the other line items in your budget that will be sufficient to cover the expense. Prepare a memorandum to the Treasurer detailing the line item(s) which has sufficient funds not needed for the balance of the budget year to cover that expense. To expedite the process, prepare the Purchase Requisition to accompany the memorandum to the Treasurer’s Office.
