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This document is used for requesting the transfer of unexpended funds from a completed project to a residual fund, ensuring compliance with project closure criteria as outlined by Purdue University's
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How to fill out UNEXPENDED FUNDS RESIDUAL TRANSFER REQUEST

01
Obtain the UNEXPENDED FUNDS RESIDUAL TRANSFER REQUEST form from the relevant authority.
02
Fill in the date at the top of the form.
03
Provide details such as your organization name, contact information, and project title.
04
Clearly list the account codes for both the unexpended and new funds.
05
Include the amount of unexpended funds being requested for transfer.
06
Provide a detailed explanation for the transfer request, including the purpose and necessity.
07
Gather any required signatures from authorized personnel.
08
Review the completed form for accuracy and completeness.
09
Submit the form to the appropriate department or financial officer for processing.

Who needs UNEXPENDED FUNDS RESIDUAL TRANSFER REQUEST?

01
Organizations that have unexpended funds from completed projects.
02
Financial officers or project managers managing grants.
03
Entities requiring to reallocate funds for ongoing or new projects.
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The UNEXPENDED FUNDS RESIDUAL TRANSFER REQUEST is a formal request to transfer unused funds from one account or department to another, typically within an organization or governmental body, allowing for the redistribution of funds that are no longer needed for their original purpose.
Typically, departments or entities that have unused or residual funds left at the end of a project or fiscal period are required to file this request. This may include government agencies, educational institutions, or non-profit organizations.
To fill out the request, one generally needs to provide details such as the account from which funds are being transferred, the amount, the account to which funds are being transferred, the reason for the transfer, and any supporting documentation that justifies the transfer.
The purpose is to efficiently allocate remaining funds to areas where they are needed, ensuring that resources are used effectively and that unused funds do not remain idle.
Information typically includes the requesting department, amount of funds to be transferred, current and new account numbers, purpose of the transfer, and any required approvals or signatures.
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