Audit Report 11-02, Purchase Card Program, Released

The Internal Audit Department released their audit report of the Purchase Card Program.

The City has been a "participating entity" to the State of Florida’s VISA Purchasing Card Agreement with the Bank of America (BOA) since August of 1997. The most recent agreement was renewed in January 2011 for an additional two years. The purpose of the program is to enhance the purchasing process for small dollar purchases by reducing the manual paperwork, employee’s time, and minimizing receipt delays.

Each Purchase Card (P-card) has a monthly transaction limit of $15,000 and a per transaction limit of $1,999. The City's total monthly transaction limit is $1,500,000. There are emergency level P-cards with no single transaction limit, but a monthly limit of either $50,000 or $100,000. There has to be a "declared" emergency by the Mayor of the City of Tampa in order to activate the “emergency” levels.
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