This policy serves as a supplement to The University of Texas at Austin HBP 9.1.1 to assure compliance with The University of Texas at Austin, UT System, State of Texas, and IRS rules and regulations; to ensure departments do not engage in excessive or inappropriate spending; to assist departments on how their budgets can be expended. Units reporting to the Dean of Undergraduate Studies may implement a more restrictive policy as approved by the Dean.
...
The purchase of flowers and other perishable items should follow the policies documented in HBP 9.1.1.J. Flowers or other perishable items: -must be sent on behalf of the department. -require an approved Official Occasion Expense Form prior to purchase. -may not exceed $200 (including delivery/shipping, and gratuity) and are tax exempt. -may be purchased through vendor invoice, ProCard, or personal funds. Gifts and awards should follow the Gift and Awards Policy outlined in HBP 9.1.8. OOEFs are not required for these types of expenses. GIFTS FOR EMPLOYEES Cash Awards: -must be processed as a One Time Payment through Payroll. -state accounts are prohibited from paying awards. -requires an award letter that includes the award name, selection criteria, frequency, amount of award, and account number that is approved by the Dean. Merchandise (non-cash): -exceeding $50 will be considered taxable income. -inscriptions reduce the value of an item to $0. -tax exemption certificate must be provided to vendor. Gift Certificates and Gift Cards: -PROHIBITED GIFTS FOR STUDENTS Cash Awards: -state accounts are prohibited from paying awards. -awards for public competition require contest flyer and/or website printout, list of winners, and award amounts. Merchandise (non-cash): -exceeding $50 will be considered taxable income and require documentation of recipient's permanent mailing address and Social Security number for issuance of 1099-MISC form. -inscriptions reduce the value of an item to $0. -tax exemption certificate must be provided to vendor. Gift Certificates and Gift Cards: -may not be awarded for job performance. -exceeding $50 will be considered taxable income and require documentation of recipient's permanent mailing address and Social Security number for issuance of 1099-MISC form. GIFTS FOR NON-EMPLOYEES Cash Awards: -state accounts are prohibited from paying awards. -awards for public competition require contest flyer and/or website printout, list of winners, and award amounts. Merchandise (non-cash): -exceeding $50 will be considered taxable income and require documentation of recipient's permanent mailing address and Social Security number for issuance of 1099-MISC form. -inscriptions reduce the value of an item to $0. -tax exemption certificate must be provided to vendor. Gift Certificates and Gift Cards: -may not be awarded for job performance. -exceeding $50 will be considered taxable income and require documentation of recipient's permanent mailing address and Social Security number for issuance of 1099-MISC form. |
EXCEPTIONSAnchor policyexceptions policyexceptions
Exceptions to the $100 per person limit will require extensive documentation and Dean review and approval. To submit exception requests, complete the OOEF Exceptions Form. Events with a contract or PO that includes non-food expenses will not require a per person amount. If events continuously exceed the $100 per person limit, departments may be barred from hosting events. There are no exceptions to alcohol or gift policy violations. -banquet staff served - (PO/contract required) -over budget - needed addtl sigs -alcohol served without notification |
PROCEDURES AND TOOLSAnchor policyproceduresandtools policyproceduresandtools
...