Memorial’s budget policy allows units to carryover surpluses or deficits from the previous year. Units typically use surpluses to save for one-time expenditures. Generally, units can save up to 10 per cent of their current-year base budget allocation.  

In the past, any carryover above 10 per cent reverts to the portfolio in which the unit resides and is used to support the portfolio operating budget. 

Effective Dec. 5, 2024, units will be restricted from using carryover. A process will be established to ensure that exceptions for institutional priorities (such as ongoing capital projects) can occur. 

This initiative will be evaluated on April 30, 2025.