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.

Intent Language

In accordance with Section 63J-1-504, the following fees are approved for the the Department of Administrative Services ISF - Finance - Purchasing Card for FY 2012: Purchases on Contract (P-Card) - funded by contract rebates (FY 2010 Rate: 0.0%; FY 2011 Rate: 0.0%).

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.