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- Although use of a Departmental Procurement Card or PSU’s centralized billing vendors is preferable for the purchase of goods, there may be instances when employees need to use personal funds for PSU business and subsequently get reimbursed by the University.
- Employees may not use their personal funds for services and get reimbursed by the University.
- Items reimbursed are property of Portland State University or grant agency.
- Reimbursements must be submitted within 60 days and within the fiscal year.
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- Original itemized receipt.
- Business Purpose (Benefit to PSU)
- IRS defines business purpose as “the business benefit gained or expected to be gained.”
- Consider the following questions when determining the business purpose:
- What is the purpose of this expenditure?
- Who benefits from the expenditure and how?
- Is the expenditure consistent with department and university values?
- How does this expenditure relate to program goals and objectives?
- Proof of payment by the employee or student. This could be a cancelled check, copy of credit card statement or other receipt showing the person’s name. If using a credit card statement, black out the card number.
- Complete the personal reimbursement request form.
- Physical location of the goods must be clearly stated.
- Signature and printed name of claimant required.
- Signature and printed name of authorized departmental approver is required. It is preferred to have Department or Unit Head signature. Approver needs to be someone other than requestor. Signature stamps are not allowed.
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Memberships require member’s name, membership period (effective dates); individual memberships are not allowable unless they meet the requirements outlined in the procedures manual.
Hosting requires the names of the people hosted. See procedures manual. Alcoholic beverages are generally not allowed.
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