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Dear Colleagues,

Effective July 1, 2022, processing Benefit Cost Transfer (BCT) journals to remove unallowable benefits or General, Automotive, and Employment Practices Liability (GAEL) impacting Contract and Grant (C&G) funds will transition to Extramural Fund Management (EFM) from the Central Resource Unit (CRU). CRU will continue to process BCT journals for non C&G funds following the existing procedures outlined on the CRU website. EFM will post journals received in July 2022 for Fiscal Year 22-23. If a journal must be recorded for FY 21-22 activity, submit it to CRU in accordance with Fiscal Year End Deadlines

To streamline the review, approval, and posting process, EFM designed a new simplified BCT financial journal template. The attached new template is to be used only for the removal of unallowable benefits or GAEL involving C&G funds and is also available on the Closeout Resources on the EFM website.

To request a BCT journal, submit the following documents to your EFM Accountant:

  • BCT Financial journal template with complete journal justifications
  • Payroll report identifying the transactions to be transferred
  • Detail general ledger when transferring GAEL expenses
  • Approval from Graduate Division when transferring Fee Remissions

If you have questions, please contact your EFM Accountant or Manager.


Yoon Lee