New PCard Policy Available February 1

The University's new Purchasing Card (PCard) policy will be posted on the Office for Financial Policy website by February 1, 2010. The new policy will replace the existing PCard manual, and will become effective on April 1, 2010. The policy has been through the University's formal policy-development process and has been reviewed by PCard local administrators and financial managers from across the University.

Most PCard policy and procedures will remain unchanged, though there are important differences between the existing PCard manual and the new policy. The most significant change for PCard holders and reviewers is that, under the new policy, all PCard transactions will require a detailed business purpose and must be reviewed in the PCard settlement system by someone other than the cardholder.

Cardholders, reviewers, and administrators must read and understand the new policy after it is posted on the Office for Financial Policy website on or before February 1. If you are a PCard holder or reviewer and you still have questions about the new policy after reading it, please contact your local PCard administrator. A list of local administrators can be found on the PCard iSite.

Email | Top