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1. Purpose and Applicability

   This Policy outlines and applies to the applicable approval levels for all purchasing requisitions, or requests for approval to make a purchase using ºÚÁÏÍø±¬³Ô¹Ï funds. This Policy does not authorize an employee who submits a purchase requisition to sign procurement contracts, purchase orders, human resources/employment contracts and associated agreements or third party agreements. Signature Authority is covered by ºÚÁÏÍø±¬³Ô¹Ï Policy on Signature Authority.

2. Policy Statements

   Purchase Requisitions that are used to purchase goods and/or services require the following:

   1.  The ºÚÁÏÍø±¬³Ô¹Ï Workday requisition form, or similar paper requisition form, documents the request and approval amount of a requisition entered by an approved ºÚÁÏÍø±¬³Ô¹Ï Requisitioner.
   2. ºÚÁÏÍø±¬³Ô¹Ï Purchase Requisition Approval
      1. The requisition form must be approved by an authorized individual as follows:
         1. Under $25,000 (Level 1) – Approval by the appropriate Director, or higher is required.
         2. Between $25,000.01 and $100,000 (Level 2) – Approval by the appropriate Associate Vice President/Dean or higher is required.
         3. Between $100,000.01 and $500,000 (Level 3) – Approval by the Senior Vice President or higher.
         4. Over $500,000 – Approval by the Chief Financial Officer.

*formerly Policy 367.00 Requisition Approval Authority