Policies and Procedures

Contact Info

Senior Associate VP & CFO
Front Desk - (405) 271-2376

Accounts Payable

Front Desk - (405) 271-2410 
Travel - (405) 271-2038

Auxiliary/Service Unit Accounting
Front Desk - (405) 271-2246

Budget Office
Front Desk - (405) 271-2404

Bursar's Office
Front Desk - (405) 271-2433

Financial Reporting
Front Desk - (405) 271-2355

General Accounting
Front Desk - (405) 271-2355

Grants and Contracts
Front Desk - (405) 271-2177

Payroll Services
Front Desk - (405) 271-2055

Student Financial Aid
Front Desk - (405) 271-2118

Participant Incentive Gift Cards

Tuesday, May 7, 2019

Participant incentive gift cards should be used solely for the payment of incentives or reimbursement of costs to participants at the Health Sciences Center.  The procedures below provide a uniform and systematic method for the maintenance of gift cards administered through all funds.

Request for Participant Incentive Gift Cards

An email request from the Principal Investigator, Faculty Member or Department Administrator for the purchase of gift cards must be submitted for prior approval to Pcard@ouhsc.edu.  Each purchase requires a new approval.  The request for the gift cards must contain the following information:

  1. The chartfield to be used as the source of funding including project if sponsored.
  2. IRB number if required (this will be verified with the IRB Office).
  3. Justification or reason(s) for the gift cards.
  4. The number of cards requested, the denomination of cards requested, and the methodology used in determining the amount requested.
  5. Name of the responsible party (research coordinator) for maintaining the gift cards.
  6. A copy of the IRB approved Patient Consent Form must also be submitted with the first request and with any modifications to the protocol patient reimbursement amount if IRB approval is required.

In addition, all gift card purchasers must have a copy of their departmental policies and procedures on file with Grants and Contracts Accounting.  These can be submitted as an attachment when the gift card request is sent to Procard Administration.  All requests for gift card purchases must be approved by Grants and Contracts Accounting prior to purchase.

Restrictions/Limitations

  1. Gift card requests should be restricted to the amount needed for distribution over a 4-6 week period.  Do not request the entire budget amount unless they will be distributed in a 4-6 week time period.
  2. Gift card purchases may not exceed $1500 at any one time.  Exceptions may be approved by the Controller on a case-by-case basis.
  3. Gift cards cannot be managed/distributed by non-OUHSC employees unless the funds are issued through a subrecipient agreement.
  4. Gift cards must be secured within the department or at the site the research/work is being conducted.
  5. Distribution of gift cards is restricted to the payment of incentives or reimbursement of costs to participants. 
  6. Gift cards should not be co-mingled with gift cards purchased for other projects.
  7. Resident Aliens and Non-Resident Aliens cannot be paid by gift card.
  8. Employees should not receive gift cards for purposes outside of research study participation.  Receipt for all other purposes is taxable to the employee.
  9. Any remaining gift cards at the end of the project period must be credited back to the award, if the award is sponsored (SPNSR chartfield).

Purchase of Incentive Gift Cards

Walmart gift cards must be purchased using a University Pcard.  All other gift cards may be purchased using the Pcard after receiving the proper approvals.  The exception number received from the Pcard Admin team should be documented in the comment box during the monthly reconciliation.  The GL code for gift card purchases is 921200 – Participants.  Note:  Visa gift card purchases may have additional fees per card and decrease in value after one year of inactivity. 

Maintenance of Incentive Gift Cards

Initiation of gift card maintenance will begin with the receipt of the gift cards. Gift cards received should be kept in a secure location.  Evidence of disbursements should be retained and kept with the gift cards. The participant must sign that they have received the gift card.  If obtaining a direct signature is not possible, then you must discuss compensating controls with Internal Audit.

Remaining Gift Cards at End of the Budget Year or Project Period (SPNSR Only)

At the end of the award year, Grants and Contracts personnel will contact the Principal Investigator and/or contact for the award to start the final report preparation.  During this preparation the GCA Accountant will need to verify that no research incentive gift cards remain in inventory.  If there is a continuing year of the award, then the gift cards can be moved to the next year of the award by submitting a cost transfer.  If there is no continuing year, then all cards left in inventory must be credited back to the award. 

Example:  If your award ends on June 30, then all gift cards must be distributed (not purchased) by that date.

IRS Reporting Requirements

Participants receiving incentive payments totaling over $600 per calendar year must receive a 1099 from the University for tax reporting purposes.  To ensure compliance, individual payments of $100 (or more) or cumulative payments expected to exceed more than $500 for the calendar year must be reported.  Please see the participant payment policy for further information.  Failure or refusal to collect the required IRS reporting information may lead to the department being ineligible for use of gift cards or petty cash funds for participant payments.
 
Compliance Reviews

Gift card inventories and reconciliations are subject to audit by Internal Audit and Financial Services.  Financial Services will be periodically requesting supporting documentation to ensure compliance with University policy.