TU Today

Essential Purchase Approval Form

In response to the state-imposed reductions to TU’s budget, we are adding an additional layer of approval on purchases equal to or exceeding $50,000. Beginning May 21, 2025, all purchase requisitions, except those that are grant-funded, will require additional approvals based on the following thresholds:

• Requisitions from $50,000 to $149,999 must be approved by the Divisional Vice President (VP).
• Requisitions of $150,000 and above require approval from both the Divisional VP and the Chief Financial Officer (CFO).

When submitting requisitions in STRATUS, if the purchase is equal to or exceeding $50,000, the required documentation will now include the completed and signed Essential Purchase Approval Form. Requisitions of $150,000 and above will be automatically routed to the CFO for final approval; however, they still require a signed Essential Purchase Approval Form.

The additional layers of approval will allow the University to ensure we are being fiscally prudent with our resources in these challenging budgetary times.

The Essential Purchase Approval Form is available via DocuSign and can be accessed through the following resources:

• University Budget Office website
• Procurement website

For Frequently Asked Questions, please visit: https://www.towson.edu/budgetoffice

If you have additional questions, please feel free to reach out to the University Budget Office at UBO@towson.edu.

Please let us know if you have any questions or concerns.

Categorised in: General

This post was written by Dimattia, Sara