Revision of University Fiscal Policy – Procurement Cards, and Processing and Paying Invoices (3/22/2011)
Treasurer Charles (Butch) Peccolo has announced that the following fiscal policies have been posted. The policies are effective March 1, 2011, and are now on the policy web site.
FI0530 – Procurement Cards – Limitations on Using Procurement Cards: Personal service contracts and contracts processed through the Contract system have been added to the list of unauthorized purchases.
FI0505 – Processing and Paying Invoices – Invoices Processed Centrally: Item 5.b. was revised to say personal services contracts.
All university business managers whose faculty and staff use P-cards and/or process invoices should read and understand the guidelines provided in these policies.