As this fiscal year reaches a close, many of you are evaluating your budgets and planning purchases. In order to provide the high level of customer support you expect from Procurement & Contract Services, the following deadlines will need to be adhered to for purchases that utilize fiscal year 2023 budget.
April 14, 2023 – All requisitions for Requests for Proposals need to be submitted and approved prior to this date.
May 1, 2023 – All requisitions over $50,000 need to be submitted and approved prior to this date.
June 1, 2023 – All requisitions over $10,000 need to be submitted and approved prior to this date.
June 26, 2023 – All other requisitions need to be submitted and approved prior to this date.
By helping us keep these deadlines, you ensure that you will receive prompt service and your purchase requests will be completed prior to the end of the fiscal year.
Please remember that requisitions do not encumber funds. Only encumbered funds roll into the new fiscal year. Purchases must be submitted via requisition and a purchase order issued in order to ensure current fiscal year funds are utilized.
Grants and other sources of funds may have more restrictive deadlines and requirements that need to be adhered to. Please be sure to keep such requirements in mind as you plan your end of year purchases.
Please reach out to Procurement & Contract Services (ext. 8301 or procurement@uvu.edu) with any questions.
