Agency: ISF - Administrative Services

Line Item: ISF - Finance

Function

In FY 2012, the Legislature approved the transfer of the P-Card program from the Division of Purchasing and General Services Internal Service Fund to a new Internal Service Fund administered by the Division of Finance.

The Purchasing Card or P-Card is a Visa card that is designed to supplement or eliminate a variety of processes including petty cash, local check writing, low-value authorizations and small dollar purchase orders. It provides a more efficient, cost effective method of purchasing and payment for small dollar transactions.

The P-Card can be used for in-store purchases as well as mail, e-mail, telephone and fax orders. Each card carries pre-established transaction and monthly credit limits. Agencies may further limit transaction amounts and the number of daily transactions.

Statutory Authority

UCA 63A-3-103(1)(e) allows the Division of Finance to operate an internal service fund. The Division must submit an annual rate and fee schedule to the Rate Committee.

Performance

Since use of the P-Card has established itself as the most efficient way to make small purchases, the volume of P-Card purchasing is an indicator of statewide efficiency in making small transactions.

Funding Detail

The Department of Administrative Services transferred this program from General Services to Finance in FY 2011.