Cardholder Spending Limits Sample Clauses

Cardholder Spending Limits. The Purchasing Card may be used to make expendable supply purchases which in aggregate do not exceed $1,500. Under no circumstances is it permissible to split up large purchases into a series of smaller ones in order to avoid following the established purchasing limits. As indicated above, the Department Head may identify further limits. These will be identified on the cardholder application and the cardholder should review the request to be aware of the limits. Five spending and transaction limits are assigned not to exceed the following:

Cardholder Spending Limits. Each cardholder has a designated credit limit for monthly purchases. In addition, purchases may be limited by total daily dollar volume, type of transaction, merchant category, and purpose of purchase. Any intentional circumvention of these limits is strictly prohibited. This includes splitting a transaction amount with the same vendor or multiple vendors for purchases that would otherwise exceed the cardholder’s limits. Sales Tax Purchases for the District’s General Fund, Capital Outlay Fund, Special Education Fund, And Enterprise Funds are tax exempt. The cardholder should make the vendor aware of the District’s tax-exempt status. Tax Exemption Certificates are available from the district business office. Purchases for school clubs and organizations (Trust and Agency Fund accounts) are subject to South Dakota sales tax. Purchases of clothing for students/staff (such as school jackets, t-shirts, or uniforms sold to students) are subject to South Dakota sales tax. Concessions and all fundraising items are subject to South Dakota sales tax.