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Home > Policy & Procedures > Financial Procedures > Chapter 2 - Budgetary Planning & Control > Monitoring and Controlling Budgets > What to do if a budget is overspent

What to do if a budget is overspent

If a budget is overspent the first thing to do is investigate the reasons for the over-spend. If the over-spend is the consequence solely of a timing difference, then no immediate action is likely to be required. All other over-spends will need to be resolved by identifying alternative sources of income/funds that could be used to cover the over-spend. Expenditure should then be transferred to the alternate source(s) to fix the over-spend.


Source URL:https://www.finance.admin.cam.ac.uk/policy-and-procedures/financial-procedures/chapter-2-budgetary-planning-control/monitoring-and/wha-0