Deficit Monitoring Policy

Departmental administrators and fiscal personnel are responsible for reviewing financial information in Workday for accuracy and ensuring that sufficient revenue budget, expenditure budget, or cash is available to support the fiscal year activities. In the event that a driver worktag goes into a deficit, the deficit must be resolved as soon as possible but no later than within 60 days of creation. 

The Budget Office will work directly with the appropriate areas regarding follow-up actions for any deficits not cleared in the specified time frame. There may be instances where it is necessary for a driver worktag to go into a deficit. These deficits must be authorized in advance by the University’s Chief Operating Officer or his/her designee.