Budget Adjustments Change of Working Practice

These guidelines replace the previous policy.

Adjustments to existing budget allocations or "virements" can now be requested by completion of a budget adjustment request form.

Blank forms are available from the above link. 

Completed forms should be submitted to the Finance Department , 5th Floor , Copland Building, 115 New Cavendish Street , London W1W 6UW.

Budget holders should note the following guidelines:

1. All requests must have the initial approval of the Campus Finance Manager for campus based budgets or the Head of Department for central departments and units .

2. A minimum limit of £1,000 applies to these requests. Amounts below this are not considered to be financially material.

3. Transfers between budget headings (for example salaries and course materials) are not permitted as these will distort the University's overall budget and also have implications for on-going costs in future years.

4. All requests are subject to final approval by the Director of Finance.