VCU Procurement Services

Fostering a community of financial advocacy at VCU!

Category results for: Encumbrance

🔍 Streamlining Small-Dollar PO Encumbrances

Procurement Services is simplifying your financial cleanup process. Each quarter, we’ll automatically remove remaining encumbrances on purchase orders with balances of $5.00 or less. What This Means for You No action is needed on your part. These low-dollar encumbrances will be cleared automatically—as long as there are no underlying issues, such as closed index or […]

Encumbrance Update: Travel Liquidations Through April 30, 2025

The latest travel encumbrance liquidations have been successfully processed through April 30, 2025. Two separate liquidation files were uploaded into Banner last week to address outstanding encumbrances: These updates apply to both Grant and non-Grant indexes, ensuring broad coverage and cleanup of past encumbrances. As of now, only pre-approvals that are still open or were used, expired, or […]