Procedures
for Use: Departmental Purchasing Card
The Purchasing Department, in coordination with a selected financial
institution will issue the Purchasing Card. This method of purchasing
is used to allow departments the flexibility of acquiring goods
and services on an "as needed" basis (not
to exceed $1000 per purchase), rather than process a
Purchase Requisition. A Northern Michigan University Department
Purchasing Card Application Form must be completed and returned
to The Purchasing Department with appropriate authorization
before the card will be ordered. The cardholder must pick up
and sign for the card in person at the Purchasing Department.
The purchasing card dollar limit will be $1000 per transaction.
The monthly purchasing limit will be based on departmental need.
The maximum monthly purchasing limit will be $2,500 unless special
approval has been obtained from the Purchasing Department. It
is the using departments responsibility to ensure that sufficient
funds are available to cover all charges. The billing address
for the purchasing card will be the using department's name, |
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