KENTUCKY STATE UNIVERSITY POLICIES AND PROCEDURES

POLICY TITLE: Purchasing Policy

VOLUME, SECTION & NUMBER:

ENTITIES AFFECTED: All Divisions and Departments

ADMINISTRATIVE AUTHORITY: Finance and Administration

APPROVED BY: Kentucky State University Board of Regents

EFFECTIVE DATE:

August 9, 2024

POLICY STATEMENT:

A purchasing system is in place to help ensure that purchases of goods and services are properly approved and obtained at the best value with a fair and open opportunity to vendors for KSU business.

The Purchasing Department provides procurement services in a timely, legal, ethical, and professional manner to the research, academic and administrative departments in support of KSU's mission and goals, and at the best value to KSU.

PROCESS:

Purchasing is the central authority for KSU and is responsible for management and oversight of the purchasing process.

KSU adheres to Kentucky's Model Procurement Code and all applicable KSU policies, administrative regulations, and state and federal policies.

All purchases are made from board approved operating and capital budgets.