The cutoff date to expend funds for this fiscal year (2002) is July 15, 2002.
In order to meet this deadline, the following deadlines must be adhered to:
| Requisition Amount | Due in Purchasing Office |
Requirements |
| Up to $2,000 | July 15, 2002 | |
| $2,000.01 - $10,000.00 | July 15, 2002 | If provided with three verbal bids with a minimum of two HUB vendors. |
| $2,000.01 - $10,000.00 | July 1, 2002 | If no verbal bids are attached. |
| $10,000.01 - $25,000.00 | June 24, 2002 | Must provide detailed specifications. Requires formal bids by the Purchasing Office. |
| > $25,000.00 | June 17, 2002 | Must provide detailed specifications. Requires formal bids and advertising in the Texas Market Place for 21 days. |
To ensure that Purchasing Card expenditures are posted to the current FY 2002, all purchases utilizing the cards should be made by August 15, 2002.
Items purchased after this date may be charged to the next fiscal year (2003) due to vendors not submitting the charges in a timely manner to Bank of America. Any charges posted by Bank of America after August 31, 2002 will be charged to next year's funds, even though items were purchased prior to August 31, 2002.
If you have any questions, please contact the Purchasing Office ext.
6553.