Towson University's budget, as approved by the State of Maryland, provides the authority for all expenditures. State and university policies regarding allowable expenditures apply to all purchases, regardless of method of payment (VISA Procurement Card or traditional billing process) or source of funds (state-support, self-support, grant, or contract).
While anything priced over $4,999 must be obtained by submitting a purchase requisition to the Procurement Office, every university department has a ‘Spending Authority' under which goods or services valued at $4,999 or less may be purchased directly from a vendor by using the procurement card or direct invoicing from the vendor.
There are three basic ways to spend departmental funding.
