May 2, 2025

Effective May 1, 2025, the per-person cost threshold for requiring officer approval has increased:

• From: over $115 (including tax, tip, and fees)
• To: over $125 (pre-tax, tip, and fees)

If your department hosts official functions with food/beverage, please take a moment to familiarize yourself with the OUC's revised Finance Procedural Statement Official Functions [2] and revised Official Function form [3].

Note: As a result of the threshold change -- and the fact that the per-person threshold is now calculated before adding in tax/tip/fees -- you'll see a few differences when you reconcile official function expenses in Concur. You can learn about them in the Procurement Service Center's webinar:

• Wednesday, May 7, 11:00 a.m.-12:00 p.m.
• Register now [4]

Questions? Contact the OUC’s Financial Services & Solutions Help Team at FSS@cu.edu [5].