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 firstname.lastname@example.org.
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.
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