Spending Limits and Guidelines

  • $2,500.00 is the default limit per transaction.  The default monthly limit per card is $10,000.00.
  • Single purchases cannot be divided to circumvent the $2,500 limit per transaction. This type of process is called a “split transaction” and is a violation.
  • There is no annual limit; therefore, reconciling your monthly statement to PeopleSoft Financials is essential for budget control.
  • Purchasing will periodically monitor spending patterns with vendors to determine where contracts need to be established.
  • Monthly and transaction limits may be increased either on a temporary or permanent basis.  Limits must be approved by the Department Chair or Director based on budget considerations.

Spending Limit Increase Request Form