Extension of Spending Restrictions

The Office of Finance would like to thank all of campus for your diligence in complying with last year's spending restrictions, particularly in curbing end of year spending. In part due to these efforts, we closed FY2026 with strong financial results.

Looking forward, the FY2027 budget was built and submitted as balanced under an assumption of flat enrollment numbers based on data we saw in late spring. At this time, it looks as though enrollment is now trending down and we do not yet have a clear picture of the financial impact this will have on the University. Until that impact is measurable, we are extending the spending restrictions currently in place into FY2027.

As a reminder, the following limitations remain in effect for central university funds (local, auxiliary, special appropriations, and grant/research funds are unaffected):

• All new central fund operating and capital expenditures over $500 require pre-approval by the unit/college dean, chief officer, or vice president, and the university business officer.

• P-Card purchases require email pre-approval, attached to the reconciliation.

• Jaggaer purchases continue to route through UBOs, with Deans as additional approvers over $500.

• Travel pre-authorizations require Chrome River/Emburse approval from the UBO and dean/chief officer/vice president; expenses will not be reimbursed without a valid pre-authorization.

• Interdepartmental charges require email pre-approval prior to processing.

• Journal Vouchers moving expenses onto central university accounts remain disallowed.

We will reevaluate these restrictions as soon as the financial impact of the enrollment decline is measurable. Thank you again for your continued stewardship and partnership as we navigate this period together. Please reach out to your UBO or the Office of Finance with any questions.