What if we have a residual balance? Can we keep it?
In most cases, the answer is "no." However, the answer is "yes" if your award falls into one of the following categories:
FAQ categories
Residual Balance Transfers
What happens if the award is silent, GCA transfers the residual balance, and the sponsor says they want the balance back?
GCA can reverse the residual balance transfer journal and issue a sponsor refund.
FAQ categories
Can I use other kinds of worktags for a residual balance transfer, like a self-sustaining worktag, gift worktag, or recharge worktag?
Self-sustaining, gift, and recharge worktags cannot receive a residual balance. The residual balance worktag must have resource worktag RS100184 and fund worktag FD108.
FAQ categories