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FY2023 Spend Guidelines

Please find the FY23 spend guidelines that will be effective August 1, 2022. The guidelines remain the same as last year’s with the following changes:

  1. Purchase approval (except travel and hospitality) increased from $2,500 to $5,000.
  2. We are encouraging the campus to continue to be prudent about travel by utilizing virtual attendance as much as possible. There are no changes to grant-funded travel rules, but for non-grant-funded travel we are requiring approval only for overnight travel.
  3. Note that the use of MyTravel to book all travel (with some documented exceptions) is expected to become mandatory effective September 15, 2022 (the BoG Travel Rule was amended & presented to the BoG at the June meeting, is in the comment period, and is expected to be ratified at the September BoG meeting).