Tag Archives | Budget and Finance Notices

The new Bank of America reallocation and reconciliation system is now available. You may access your procurement card information by following the steps below. 1. From the TU Home Page, select Faculty and Staff. 2. Select Procurement Card Reallocation System from the Finance and Purchasing menu. 3. Select Bank of America Online ProCard Reallocation and […]

Fiscal irregularities include, but are not limited to, embezzlement, theft, and falsification of documents, including improper use of the university procurement card. What Should I Do if I Suspect or Know of a Fiscal Irregularity? University employees should inform University Counsel or the Internal Audit Office of the System Administration, who will notify the appropriate […]

Attention University VISA Cardholders: All of the APRIL VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On MAY 15th at 1:00 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your VISA […]

Food purchases must comply with all requirements of the university?s Catering and Meal Coupon Policy ({https://inside.towson.edu/generalcampus/tupolicies/categorylist.cfm?thecategory=Fiscal%20and%20Business%20Affairs}). Include the event description and a list of attendees with the records of every food purchase. If any exceptions were granted, attach an approved Exception Authorization Form to the documentation. Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} […]

Be sure to complete reconciliations each month to ensure that errors are promptly corrected. The bank will assist only with errors that are disputed within 60 days from the transaction date. The cardholder should contact the PCPA (x4-3492) to dispute a charge. Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} of any procurement card […]

The Bank of America (BOA) will be the new bank for the University Procurement Card Program beginning at 12:01 a.m. on April 26, 2007. To ensure a smooth transition, complete all purchases and credits by March 25, 2007. New accounts will not be opened during the April billing cycle (March 26-April 25). On April 26, […]

The Bank of America (BOA) will be the new bank for the University Procurement Card Program beginning at 12:01 a.m. on April 26, 2007. To ensure a smooth transition, complete all purchases and credits by March 25, 2007. New accounts will not be opened during the April billing cycle (March 26-April 25). On April 26, […]

All requirements valued at more than $4,999.00 (including shipping) must be submitted to Procurement via a purchase requisition. Cardholders may not ask that larger requirements be billed in two or more smaller transactions to avoid this ceiling — and offers by merchants to accommodate purchases above $4,999.00 in this manner must be declined. Please notify […]

Attention University VISA Cardholders: All of the JANUARY VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On THURSDAY, FEBRUARY 15 at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

Attention all Procurement Cardholders: Effective April 26, 2007 the new Procurement Card bank will be Bank of America, due to the result of an expiration/rebid of the State of Maryland contract. The procurement card program remains the same; only the bank will change. WATCH THE DAILY DIGEST FOR UPDATES AND INSTRUCTIONS.

The procurement card cannot be used for travel expenses. Transportation, hotels, and restaurants have blocked merchant codes. The cardholder should contact Nancy Polen in the Working Fund (x4-5122) to obtain a Dinner?s Club card for travel use. Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} of any procurement card transaction from your cardholders? December […]

Attention Cardholders: The DECEMBER period has closed in the ProCard System and your VISA transactions have been posted to your budget in the FRS system. Your DECEMBER VISA transactions can now only be viewed under the History function and no further changes to subcodes or accounts (Reallocation) can be made. View the transactions on FRS […]

A message from Financial Services: Due to increases in fuel prices, the Department of Budget and Management has increased the private vehicle mileage reimbursement rate from 44.5 cents to 48.5 cents effective January 1, 2007. Should you have any questions concerning this announcement or any other business travel related concerns, please contact the Financial Services […]

Attention University VISA Cardholders: All of the December VISA transactions from USBank are now on the ProCard Reallocation and Reconciliation System for you to view or make changes. On Monday, Jan. 15 at 1 p.m., these transactions will be transferred to the FRS system. If you are using the online ProCard system to move your […]

A Reminder from Accounts Payable: Before leaving for winter break, please forward all invoices to Accounts Payable for processing. It is essential that A/P receive all invoices properly coded and signed no later than noon on Wednesday, Dec. 20 in order to assure prompt payment to vendors and to prevent transactions from becoming late and […]

All procurement card purchases that are not hand carried must be delivered to 8000 York Road. The cardholder must contact procurement prior to making the purchase if goods need to be delivered off campus. Please notify the University?s PCPA, Lorraine Ziara-Denmark, at {lziaradenmark@towson.edu} of any procurement card transaction from your cardholders? November logs that is […]

Attention University VISA Cardholders: TWO ITEMS: 1. We have experienced a problem with the October transaction feed to FRS. Most of the transaction items doubled in the feed to FRS and had to be reversed. We are now attempting to feed a corrected file. Thank you for your patience. 2. All of the November VISA […]

If a cardholder is going on leave (medical, maternity, sabbatical, etc.) notify the PCPA or the Procurement Department. Suspending the procurement card account will reduce the possibility of theft or fraud while the cardholder is not conducting departmental business. Simply call or e-mail Procurement when they return to re-activate the account. Please notify the university?s […]

Attention Corporate VISA Cardholders: USBank has informed us there is a problem with all of the downloaded transactions from Monday, October 9 through Thursday, October 19. The last digit of the transaction amount has been dropped and replaced with a zero. For example, if your purchase was $115.25, it will appear as $115.20. I will […]

Attention Corporate VISA Cardholders: USBank has informed us there is a problem with all of the downloaded transactions from Monday, October 9 through Thursday, October 19. The last digit of the transaction amount has been dropped and replaced with a zero. For example, if your purchase was $115.25, it will appear as $115.20. I will […]