LAPSE GUIDELINES FOR FISCAL YEAR-END BALANCES. Lapse Guidelines – Educational & General Funds (14 – Accounts). Special Items & Research Development Funding must be fully expended in the 2 nd year of the biennium. Deficits must be covered during the lapse process.
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The following Designated 19-Accounts are not subject to
lapse (carry forward 100%):
Applies only to those budget groups that in prior year’s
would have been subject to lapse in fund 14 and 19-7
Contact Carol Hollingsworth at x4229 with questions
Year-end balances in the following funds are not
subject to lapse (carry forward 100%)
For additional information, refer to the FMOG - Accounts) Financial Management Operating Guideline: