These policy and procedures are issued to assure the integrity of the University’s charges for salaries, wages, and goods and services on sponsored projects that were transferred to and/or from a sponsored project after an initial charge elsewhere in the University’s accounting system. The Office of Management and Budget (OMB Circular A-21) established principles for determining costs applicable to grants, contracts, and other agreements with educational institutions as well as proper documentation required.  Permissible cost transfers should be made promptly after the error occurs.  Transfers later than 90 days following the month end of the occurrence are consodered late and subject to additional review and possible rejection by the Office of Sponsored Accounting.