What if I submit my requisition on June 20th, 2016, which threshold would apply?

For non-sponsored budgets, the requisition must be fully executed  (BPO or EI number assigned) before June 30, 2016 for the $2,000 threshold to apply.  All fully executed purchase orders  (BPO or EI number assigned) after July 1, 2016 would use the new $5,000 threshold.