Procurement Card Program Agency Agreement - Kentucky

Procurement Card Program Agency Agreement is a legal document that was released by the Kentucky Finance and Administration Cabinet - a government authority operating within Kentucky.

FAQ

Q: What is the Procurement Card Program Agency Agreement?A: The Procurement Card Program Agency Agreement is an agreement between the state of Kentucky and participating agencies for the use of procurement cards.

Q: What is a procurement card?A: A procurement card is a payment card used by authorized individuals to make purchases on behalf of an agency.

Q: Who can participate in the Procurement Card Program Agency Agreement?A: Participating agencies, typically state government departments and agencies, can take part in the program.

Q: What are the benefits of the Procurement Card Program?A: The program offers simplified purchasing processes, reduced paperwork, increased efficiency, and improved control over spending.

Q: How does the Procurement Card Program work?A: Authorized individuals are issued procurement cards that can be used to make eligible purchases. The card transactions are then reconciled and audited by the agency's card administrator.

Q: What can be purchased using a procurement card?A: Procurement cards can be used to purchase goods and services approved by an agency, within certain spending limits and guidelines.

Q: What are the responsibilities of the cardholder?A: Cardholders are responsible for using the procurement card in accordance with agency policies, obtaining proper approvals for purchases, and keeping accurate records of transactions.

Q: How are disputes or issues with procurement card transactions resolved?A: Disputes or issues with procurement card transactions can be resolved through the established process, which may involve communication with the card issuer or the agency's card administrator.

Q: Is there any training or support available for participants of the Procurement Card Program?A: Yes, training and support for participants of the program are typically provided by the agency's designated procurement card coordinator or administrator.