ACTIVITY/
DOCUMENT |
APPROVAL
THRESHOLD |
Purchase of Goods from
External Vendors
Policy Reference:
Purchasing Policies |
Less
than $1,000 |
$1,000
or Greater |
| POT |
Requires approval by an area authorized signer |
Requires approval
by a Certified Approver (CA)
Note: $10,00 - $50,000 may require
additional terms or proof
of price comparison. |
| RX/Bid Referrals and RX Supplements |
Such transactions should not occur. |
*$50,000 or greater is the current threshold for RX documents
and they must be approved by a CA.
*All referral forms must be signed
by the department person who can answer questions about the
award recommendation and who has the department delegation
of authority to do so. If the bid packet references a sponsored
account, the referral form must be stamped and signed by the
certified approver.
*Purchases over
$250,000 also require SPA and Regents approval. (See:
http://purchasing.umn.edu/need/docket.php)
|
| PV with an approved/encumbered POT FFN |
No approval necessary as long as: the dollar amount
on the PV does not exceed the dollar amount on the PO by more
than tolerance, there have been no changes to accounting lines,
or change of payment terms to non-discount term. If ANY of these
conditions exist, approval by an area authorized signer is required. |
| PV without an approved/encumbered POT FFN |
Requires approval by an area authorized signer |
Requires approval by a Certified Approver (CA) |
| Purchasing Card: ECAR (electronic) |
Requires approval by an area authorized signer. Use of 76xx
object code requires approval by a CA. |
Requires approval by a Certified Approver (CA) |
| Purchasing Card: CAR (paper) |
Requires approval by the Principal Investigator
and an area authorized signer. CA approval required for
the IX document accompanying the CAR Report. (See NON-SALARY
COST TRANSFERS for more information.) |
ER
Note: Not to be used for 79xx (subcontract)
object codes. |
Requires approval by an area authorized signer.
CA approval not required. |
