Try as we might to stay within the budget provided by the sponsor, sometimes it simply costs more to complete the scope of work, and the award ends up being overspent. When this happens, you might be tempted to move expenses off the award in order to bring it back within budget. However, please keep in mind that any expenses associated with the SOW should remain where they are, even if it causes a negative balance. When this happens, RCA will create a Deficit project and move the direct portion of the overage to the new project, using expenditure type ODC: Excess Costs. The department will need to process a balance transfer in order to fund the expenses on the Deficit project.
Information on balance transfers can be found here: https://rchcostacctng.blogs.rice.edu/2021/08/18/balance-transfers-in-io/
Information on the correct Fund Types and Fund Sources for these balance transfers can be found here: https://rchcostacctng.blogs.rice.edu/2025/01/29/update-to-frequently-used-fund-types-and-fund-sources/