Year-End Carry Forwards

Non-Central Academic Operating Units

The in year surplus/(deficit) for all Academic operating units are carried forward and distributed as directed by the appropriate Dean.

Non-Central Administrative Operating Units

The in year surplus/(deficit) for all non-academic administrative units are carried forward and distributed as directed by the appropriate Vice-Principal. Certain Departments/Programs which are part of the operating fund and are administered by non-academic departments but are not part of the discretionary operations of that department, lapse to surplus/deficit. These include:

• fringe benefits
• utilities
• taxes
• insurance
• professional fees, memberships
• banking and related fees
• expenditures of the Principal's office
• building rental
• convocations, elections
• certain projects which ended in the current year
• write offs
• Student Health Services

Certain departments which have multi-year budgets or are subject to some special budgetary provision, carry forward to themselves. These include:

• external grants (e.g. disability, counseling, etc.)
• computing maintenance and upgrades
• library acquisitions
• University project initiatives which did not end during the current year (various task forces, searched for Dean's and VP's)
• Salary Anomaly funding
• Vice-Principal's contingency accounts carry forward to the vice-Principals as a group.

Ancillary Operations

The balance in ancillary operations s is carried forward to a segregated surplus (or deficit) account which is under the control of the appropriate Vice-Principal. Use of these funds requires Vice-Principal approval.