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An LSTA Budget Transfer form must be submitted prior to moving funds (either federal or local) from one categegory to another.  The form is three sections and the project coordinator and fiscal officer should collaborate on the form. 

The first page indicates the amount of funds (local or federal) that is to be transferred.  It shows the category from which you plan to move the funds from and the category you plan to move the funds into.

The second page is an explanation.  It does not have to be lengthy but it should give a clear, concise reason why funds are no longer required in one category and how you plan to utilize the funds in the category you wish to move them into.

The final section is the Schedule I fiscal report form.  Only columns 1,5, and 9 need to be completed.  They will show the new budget should the transferred be approved. If the budget transfer is approved, this will become your new budget for the remainder of the project.

Budget transfers must be submitted and must be approved prior to encumbering funds.  The budget transfer will be reviewed by the LSTA Project Coordinator and LSTA Fiscal Coordinator to ascertain that all numbers are correct and that changes meet all LSTA and state requirements and that all costs are allowable.