Francis Howell Use of Purchasing Cards Saves Hundreds of Thousands of Dollars

Posted on 01/18/2017
Francis Howell Use of Purchasing Cards Saves Hundreds of Thousands of Dollars

In 2004, the Francis Howell School District began using Purchasing Cards (P-Cards) as another means of saving taxpayers money. A P‑Card is a commercial credit card that allows organizations to make electronic payments for a variety of business expenses. It is similar to a consumer credit card; however, the organization utilizing the P-Card must pay off the card in full each month. As good stewards of tax dollars, FHSD is always identifying additional ways to conserve District resources.

“Francis Howell was an early adopter of the P-Card program,” said Chief Operating Officer Kevin Supple. “P-cards help to streamline the purchasing process for small or recurring purchases, and reducing overhead costs. Another benefit of P-cards is the rebates earned on our purchases. In the past 12 years, the District has earned more than $300,000 in rebates, allowing more resources to be directed to our core mission – educating students.” As annual District purchasing volume has increased, so have the corresponding savings.

YEAR

VOLUME

REBATE

2004

$2,488,942.00

$4,977.88

2005

$2,588,511.00

$15,531.07

2006

$3,825,021.00

$22,950.13

2007

$3,458,965.92

$22,483.28

2008

$4,226,009.76

$27,469.06

2009

$3,825,359.76

$24,864.84

2010

$2,726,178.24

$16,357.07

2011

$4,049,833.21

$26,323.92

2012

$3,820,752.53

$24,934.89

2013

$3,822,749.00

$30,581.99

2014

$5,234,162.18

$44,490.38

2015

$3,635,568.00

$39,991.25




Totals

$43,702,052.60

$300,955.76


District P-Cards are issued to a limited number of approved employees who must follow FHSD policies and procedures related to their use, including regular review and approval. District P-Card activity is also reviewed regularly as part of the annual independent audit. 

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