As we begin a New Year and new semester, the Controller’s Office would like to remind the campus of a few important policies related to the Visa card policy:
• University policy prohibits the purchase of gift cards.
• Do not use your university credit card for campus services. This includes the Bookstore, Dining Hall, Campus Tim Hortons, Campus Starbucks or any other university-operated venue. These services can be charged back directly to a budget. Just ask the cashier to put it on budget at checkout.
• Purchases in excess of $1,000 should not be put on your Visa card unless prior approval has been obtained from the Controller’s Office. Airfare and hotels for university-related travel are exempt from this policy.
• Capital Items should never be purchased on a university credit card. Capital items require a REQ/PO for proper tracking in the Finance system. Capital items have a cost of $1,000 or more and a useful life of 3yrs or longer.
Submitted by: JoAnn Feary Accounts Payable/Payroll Specialist
