Requisition Approval--$25,000 or Greater
Per University fiscal policy, the Budget Office is to electronically review
and approve requisitions for amounts of $25,000 and greater. When the
requesting department has completed and approved the requisition, a comment
should be saved in the Header comments panel that indicates who has approved
it, and that it is now ready for Budget Office approval. This will indicate to
the Budget Office that the requisition is ready for processing.
requisition must pass budget checking through PeopleSoft before it will appear
in the query that the Budget office runs daily to determine if any
requisitions for $25,000 and greater need to be processed.
requisition relates to a contract, the status of the contract's review and
approval should be saved in the Header comments. Note: A requisition should
not be submitted and approved before the contract has been reviewed by the
General Counsel's office (if the amount is $10,000 or greater) and approved by
a Vice President.