UMKC Finance and Administration Gift Card Policy

Attached to this communication is a copy of the UMKC Gift Card Program Approval Form (PDF), Gift Card Log (xls) and Gift Cards UMKC Tracking Log (xls), which can be used to assist with the documentation requirements.  

Policy Summary:

1. IRS Guidelines view Gift Cards the same as cash, regardless of dollar value. This means cards may become taxable income.
2. Roles for the handling of the cards are similar to those associated with cash management.  The policy outlines those roles.
3. Cards may be purchased only for approved programs.  One-off purchases will not be allowed.
4. Accounting Services on each campus is responsible for ensuring the card programs are approved prior to purchase.
5. Show Me Shop has a new vendor enabled that allows for the purchase of gift cards.  The vendor is National Gift Card (NGC), and lists over 100 gift card options.
6. Show Me Shop requisitions will automatically route to campus Accounting Services for approval before processing.
7. If a department has a need that cannot be met with the cards available through NGC, the Supply Chain Campus Client Relations Manager (CRM) should be contacted to approve a method of purchase other than the Show-Me Shop.  Programs will still need to be approved by Accounting, as noted in #4 above.
8. Gift cards are not to be purchased with the pcard unless the program has been approved and the CRM has provided purchase exception approval.  Exception documentation should be kept with the pcard transaction receipt.