Purchasing card (P-Card). 3364-40-16

Policy Class: Finance
Policy Action: Major revision of existing policy
Purpose of Policy: To ensure that all individuals authorized to conduct purchasing and payment activities with the P-Card do so responsibly and are audited regularly for compliance with the following specific policies (Procurement, Membership, Dues and Subscriptions; Research and Sponsored Programs; Travel and Business Expense Reimbursement), and any other applicable University policies.  The P-Card provides an efficient tool used to reduce administrative burden and costs, but it also exposes the University to risk.  This policy outlines the responsibilities and controls to mitigate the risk.
This policy supersedes: n/a, Keywords: purchasing card, P-card, university credit card, cardholder, card approver, card administrator, P-card misuse,
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Abstract/Description: Policy Class: Finance

Policy Action: Major revision of existing policy

Purpose of Policy: To ensure that all individuals authorized to conduct purchasing and payment activities with the P-Card do so responsibly and are audited regularly for compliance with the following specific policies (Procurement, Membership, Dues and Subscriptions; Research and Sponsored Programs; Travel and Business Expense Reimbursement), and any other applicable University policies. The P-Card provides an efficient tool used to reduce administrative burden and costs, but it also exposes the University to risk. This policy outlines the responsibilities and controls to mitigate the risk.

This policy supersedes: n/a
Subject(s): Administration
Finance
Faculty
Staff





Date Created: 2010-12-01