Know What You Can and Cannot Buy

Step by Step

1. Know the Definition of a Business Expenditure

   A “Business Related Expenditure” is an expenditure that is directly related to the operation of a functional area (i.e., school, department, administrative area, etc.) in the fulfillment of its stated mission or objective as part of the University (i.e., instruction, research, public service, support services, etc.). The term reasonable is defined to mean an amount that a prudent businessperson would expend to obtain that particular good or service on behalf of a public agency of the Commonwealth of Virginia. This also infers that the good or service has been acquired under a competitive procurement process, when applicable.

2. Allowability Chart

   View Allowability Chart