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Deficit Notifications

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Deficit Notifications—Appropriated* (Ledger 1) Entities Only:

 

Deficit notifications are generated at the end of each quarter, and with increasing frequency as the year draws to a close. These notices are intended as a “warning” system for financial managers and senior leadership for orgs and accounts where expenses and encumbrances exceed budget authority.

 

Financial managers are encouraged to fill out budget transfers by clicking the link.

 

Important: Budget transfers to cover deficits should be sufficient to cover both current and forecasted deficit balances.  

 

*Note: In FY15, Budget Office will be working with Business Office to expand deficit notifications to all ledgers.

 

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