To transfer a deficit from the ICR worktag to a different worktag, send a request to your Shared Environment to create a manual journal entry. Please refer to the UW Connect article Shared Environment Customer Support Manual for more information.
Visit GCA's deficit webpage for the list of worktags that can receive a deficit.
It depends on the sponsor and the award. Please review your award agreement and/or sponsor policies for more information. If they are silent on carryforward, GCA will require written sponsor authorization to carry a balance or deficit forward.
An accounting adjustment must be used if an expense posted to the grant worktag is unallowable per the terms of the award agreement. GIM 15 outlines the policy for accounting adjustments on sponsored program awards.
A deficit transfer is appropriate when all expenses are allowable and total expenses exceed the award amount or the amount of cash received from the sponsor.
To resolve a deficit, identify an allowable worktag that the deficit can be transferred to. Then create an Award Portal ticket using the topic “Deficit Transfer Request” to provide the worktag. GCA will then prepare the journal in Workday to transfer the deficit from the grant worktag and proceed with the closing process.