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| 1. Check the “Inactivate Existing Cost Center” box. There can be no fiscal activity of any type, for one year including the current year before a cost center can be inactivated. |
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| 2. Enter the Speed Type, Program (or Project ID), and Program Description (or Project ID Description) of the cost center to be inactivated. All three fields are required. |
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| 3. Attach section two (Summary by Budget Node and Account) and section six (Balance Sheet) of the UGL01074 for the entire year to the Request for Cost Center Action Form. NOTE: if the 1074 is run and no report is produced, it means there is absolutely no activity for the cost center. Make a note on the Request for Cost Center Action Form and submit for approval. |
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| 4. Obtain the Business Coordinator signature. |
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| 5. Forward the form to General Accounting for approval. |
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| 6. Approve the inactivation of the cost center and forward to the Budget Office for processing. |
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| 7. Inactivate the cost center in PeopleSoft. Refer to the Data Entry Instructions for Cost Center Inactivation. |
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| 8. File the form in the binder labeled Cost Center Modifications by Business Coordinator. |
