What happens if there is unspent general budget at the end of the year?
There is a carryforward process. For administrative units, requests are made to the EVPT to use the funds in the next fiscal year. For academic units, the current policy is that unspent general funds are automatically carried forward in the academic unit. The department has to provide funding or use cost objects with a surplus to cover any cost objects with a deficit. Faculty controlled accounts and TA Health Insurance accounts must be carried forward in the same cost object.