As the end of the University’s fiscal year approaches on May 31, Administrative Services and Accounting and Audit announce the following procedures related to purchases of goods and services during May.
Pcard Purchases
• Pcard purchases posting to the statement on or before May 21 (cycle end date) will be paid from FY 2013-2014 funds. Most shipments post on your Pcard within three to four business days. However, vendors have up to nine business days to post transactions.
• Pcard purchases posting from May 22 through May 31 will be paid from FY 2014-2015 (new year) funds, unless the item purchased exceeds $500. Purchases exceeding $500 will be paid from FY 2013-2014 funds.
Office Depot Orders
• Normally, Office Depot orders placed by 3 p.m. for items in stock are delivered the next business day. Upon delivery, the transaction should post on your Pcard within three to four business days.
• Office Depot orders received by May 13 will likely post on the May 21 Pcard Cycle and be paid from FY 2013-2014 funds.
• Office Depot orders placed and received but posting to the Pcard between May 22 and May 31 will be paid from FY 2014-2015 funds, unless the items purchased exceeds $500. Purchases exceeding $500 will be paid from FY 2013-2014 funds.
Purchase Orders
• Approved requisitions converted into purchase orders and delivered by May 31 will be paid from FY 2013-2014 funds.
• Approved requisitions indicating FY 2014-2015 written on them in red ink will be processed with a delivery date of June 1 or later.
• Backordered Purchase Orders not delivered by May 31 will be paid from FY 2014-2015 funds.
Blanket Orders
• All FY 2013-2014 Blanket orders expire on May 31, 2014.
• Approved Requisitions for FY 2014-2015 (new year) Blanket Orders may now be submitted with June 1, 2014 through May 31, 2015 effective dates.
• Backordered Blanket Purchase Order items not delivered by May 31, 2014 will be paid from FY 2014-2015 funds.
Requisitions for Check Request
• All services completed and items purchased less than $100 and on campus by May 31, must be submitted on a requisition to Accounting & Audit by 5 p.m. on Monday, June 9 to be paid from FY 2013-2014 funds.
• The requisitions must have appropriate approvals and funds available to be charged to FY 2013-2014.
• Any requisitions less than $100 not submitted by this time or those submitted without appropriate approvals or without funds available will be charged to your budget in FY 2014-2015.
• All services completed and items purchased for $100 or more and on campus by May 31 must be submitted on a requisition to Accounting and Audit by Monday, June 16 to be paid from FY 2013-2014 funds. Any requisitions not submitted by this time will be charged to your budget in FY 2014-2015.
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