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Revolving Funds

 

Increasing Your Fund

The ideal balance of a fund should be twice your average monthly expenditures. You can increase your balance temporarily for short term projects. When the temporary funds are no longer needed, reduce your fund to the normal level.

Complete the Application for Revolving Fund Increase or write an email to your revolving fund contact . Include:

  • your vendor number,
  • account name,
  • reason for increasing the fund,
  • your current funded balance,
  • the amount of the increase and
  • your new funded balance.

Financial Services will review and approve the request. A Check will usually be issued within three days upon approval.