TRANSFER / ALLOCATION OBJECT CODES

59901 ADMINISTRATIVE COST ALLOCATION
To allocate a common or shared administrative cost among operating units. To accommodate internal charges between units. To record allocable cost transactions for sponsored programs. Also, to close out residual balances in projects.

59903 FACILITIES & MAINTENANCE COST ALLOCATION
To allocate a common or shared facilities cost among operating units. To accommodate internal charges between units.

59905 EXPENSES CHARGED TO SPECIAL FUNDS
To record the transfer/ allocation of expenses supported by endowment income, restricted gifts or special revenues from operating accounts (on budget) to other funds (off budget). Not to be used for sponsored grants and contracts.

59907 FUNDING ALLOCATION
To facilitate current fiscal year changes to unit or project funding.

59909 FY ALLOCATION AND TRANSFERS
Primarily for recording investment in or support for future projects. May also be used to correct prior years errors or to affect the close out of terminated projects or the transfer of programs to new areas of responsibility.

59911 FASB CLASSIFICATION
To facilitate classification requirements for external financial statements. (Financial Accounting Standards Board)