Threshold Increase

This is a notification regarding threshold increase for individual transactions that OSP needs to prior approve. Below is the list of transactions in which OSP needs to prior approve if the transaction is $5,000 or more.

• Requests for Payment
  All Request for Payments charging sponsored research PTAEO accounts over $5,000 need to be approved by OSP before being sent to Accounts Payable.
• Miscellaneous Income Payment Vouchers
  All Miscellaneous Income Payment Vouchers charging sponsored research PTAEO accounts over $5,000 need to be approved by OSP before being sent to Accounts Payable.
• Consultant/Independent Contractor Payments
  Each Consultant/Independent Contractor Agreement which is being paid on a sponsored research PTAEO account must be approved by OSP before being sent to Procurement Services regardless of dollar amount (Contact Procurement Services Department to find out how to find out the whole processing for paying Consultant/Independent Contractors).
• Invoices
  All paper invoices charging sponsored research PTAEO accounts over $5,000 need to be approved by OSP before being sent to Accounts Payable. All Purchase Requisition forms over $5,000 need to be approved by OSP (These are approved on-line by OSP).
• Travel Vouchers
  OSP only requires copies of travel vouchers over $500 for the sponsored research award file (Foreign travel requires prior approval). After Cashier's Office processes travel vouchers they send copies of the ones that are over $500 and involve a PTAEO Account.
• Cash Advances
  Cash advances do not require approval by OSP.