The Office of the Vice President, Chief Financial Officer, and Comptroller announces an open comment period for Policy 7.6 The University Purchasing Card (P-Card) from August 18 to August 24, 2023. This policy removes the prohibition on having credit cards on file, increases the single transaction limit from $5,000 to $7,500, the credit limit has increased from $25,000 to $35,000, and certain items have been renamed or moved from prohibited purchases to restricted purchases.
Please review the proposed changes and provide feedback on the comment blog to be considered before the new policy is published.
Highlights Include:
- Departments can now purchase minimal fuel for work equipment (e.g., boats, tractors, etc.) using a P-card.
- Utilities are now exempt from the house accounts prohibition.
- Lab animals have been renamed live animals.
- Drugs and pharmaceuticals have been renamed prescription drugs and pharmaceuticals.
- Cellphone monthly service, labor and/or installation services, tuition fees for employees and students, and uniforms have been moved from prohibited to restricted purchases.
Contact
If you have questions about the updates to the policy, please contact the CFO Business and Finance Policy Office at obfspolicies@uillinois.edu.
