The in year surplus/(deficit) for all Academic operating units are carried forward and distributed as directed by the appropriate Dean.
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:
Certain departments which have multi-year budgets or are subject to some special budgetary provision, carry forward to themselves. These include:
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.