The fund balance roll forward from FY 2022 to FY 2023 is complete for most campus departments.

• The fund balance roll forward is the entry that takes the net of all revenue, transfer, and expense activity in FY 2022 and posts that amount to net assets in FY 2023.
  • Fund balance does not roll forward for fund type 100 or fund type 107 (formerly A1.) Contact the Budget Office if you have questions about budget carryover.
  • Fund balance does roll forward for designated, gift, endowment spending, auxiliary, agency, service center, and similar funds (Fund types 101, 102, 103, 104, 105, 106, 150, 151, 154, 155, 156, 190, 201, 251, 255, 259, formerly A0, A2, C, D, G, H, B, P, M, F, L, U, and certain R funds.)
  • The roll forward for endowment corpus and investments does not post at this time. (Fund types 152, 153, 157, 158, 250, 252, 253, 254, 256, 257, 258, 260, formerly E and K funds, only RMC and Investment Accounting can see these fund types.)
• It is a general ledger transaction in account 4999. There is no effect on projects.
• The entry posts in July business.
• The update should be reflected on dashboards after 10 pm tonight.

The fund balance roll forward is posted at the org – fund type – fund source – program – activity – location level.  Each unique combination with net revenue, expense, transfer activity in FY 2022 rolled forward into net assets in FY 2023.

If you do not like where your net assets posted in the roll forward, you can change where your fund balance is sitting with a budget transfer.  The job aide with a link to the AdobeSign process is here: Job-Aid_AdobeSign-iO-Balance-Transfer