Spending limits enable management to provide cardholders with the purchasing power to accomplish the needs of the job without exposing the State or the University to unnecessary risk. Spending limits should be based on job responsibilities of the cardholder and/or of the job title.
Spending limits that are available are:
1. Credit Limit (CL) – The credit limit is a mandatory spending limit that restricts the amount of purchases a cardholder can make in one billing cycle.
i. The credit limit cannot be less than the cardholder’s Single Transaction Limit.
ii. The University has established a standard monthly CL of $10,000 per month. Higher limits may be requested and justification will be required. A cardholder’s CL cannot be more than $25,000 without UGA Procurement receiving prior written approval from the State Cards Program Manager.
2. Single Transaction Limit (STL) – The STL is a mandatory spending limit imposed on each cardholder p-card.
i. A cardholder’s STL must be less than $2,499.
ii. For information on how to request an exception to the $2,499 single transaction limit, see the section titled UGA Cardholders (P-Card) on the Security and Immigration Compliance Act (E-Verify) website.
New P-Card Request Form: http://www.busfin.uga.edu/forms/pcard_reqform_new.pdf
P-Card Change Request Form: http://www.busfin.uga.edu/forms/pcard_change.pdf
CL – Credit Limit
STL – Single Transaction Limit
Responsible University Senior Administrator: Vice President for Finance & Administration
Responsible University Administrator: Procurement Officer
Policy Owner: Procurement
Phone Number: 706-542-2361
Responsibilities: The Department Head is responsible for approving the issuance of new p-cards which includes setting the single transaction and monthly credit limits.