Keyword Search

Spending Limits

    • Last Updated: 05/21/2014
    • Effective Date:

    Policy Statement

    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.

    Reason for policy
    To provide an understanding of the various types of spending limits and to provide guidance regarding the appropriate amounts for the limits
    Procedures
    Sections 5.0 through 5.4 of the UGA P-Card Manual provide the procedures for setting a CL and STL for each p-card.  The CL and STL for each cardholder’s p-card are designated on the New P-Card Request form or these limits may be changed by utilizing the P-Card Change Request form.
    Forms/Instructions
    Additional contacts

    Jill Haag, Lynn Stephens

    Phone Number: 706-542-2361

    Policy definitions

    CL – Credit Limit

    STL – Single Transaction Limit

    Responsibilities

    Responsible University Senior Administrator: Vice President for Finance & Administration

    Responsible University Administrator: Procurement Officer

    Policy Owner: Procurement

    Policy Contact: Jill Haag, Lynn Stephens

    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.