As of June 2, 2016, the following transaction limit changes are in effect in accordance with state statute and purchasing guidelines(1) as noted in the P-Card Manual:
Standard Profile transaction limit is $2,500; for purchases of lodging and transportation, the limit is now $5,000.
Hospitality Profile transaction limit is $2,500; for purchases of lodging, meals and transportation the limit is now $5,000.
Cardholders can now make purchases of up to $5,000 for transportation, lodging, and meals (with Hospitality Profile) without prior exceptions from the state. Each profile is still subject to a daily limit of $5,000 and a monthly limit of $25,000. For all other purchases exceeding $2,500, an exception from the state of North Carolina must be granted prior to making the purchase. Email exception requests to email@example.com.
Note: splitting transactions to remain within the transaction limit, daily limit, or monthly limit is still prohibited and considered a major infraction. The state audits these practices and, if found, could result in stricter spending limits for the University or other sanctions.
Please feel free to email us with any feedback or questions at firstname.lastname@example.org.