Our offices will close at 3:00 p.m. on Wednesday, November 25 and re-open for normal business hours on Monday, November 30. This includes the FinPro Help Desk.
The Procurement Card is a VISA card, issued by US Bank and used by University of Colorado staff, faculty, students, and affiliates to purchase small-dollar items (up to $5,000) for University use. The authorized cardholder is able to purchase directly on behalf of CU, thereby allowing tax-exempt use. Transactions are paid directly by the University to the bank.
Use of the Procurement Card is governed by the Procurement Card Handbook.
US Bank feeds Procurement Card transactions into the University's Expense System. The cardholder (or his or her delegate) provides required information (business purpose, etc.) for each transaction and attaches documentation. The cardholder then submits a monthly expense report for review by the Approving Official.
Procurement Card cardholders and Approving Officials must complete required training to ensure that they understand how to use and safeguard the card.