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<br /> <br />CONSENT ITEM 5C <br /> <br /> <br />MEMORANDUM <br /> <br />DATE: <br /> July 28, 2014 <br /> <br />TO: Honorable Mayor and City Council Members <br /> Patrick Klaers, City Administrator <br /> <br />FROM: Kyle Howard, Finance Analyst <br /> Sue Iverson, Director of Finance and Administrative Services <br /> <br />SUBECT: <br /> Purchase Card Policy <br /> <br /> <br /> <br />Requested Action <br /> <br />Motion to approve the revised Purchasing Card Policy. <br /> <br />Discussion <br />With the current adoption of the revised Purchasing Policy, staff has also reviewed and updated <br /> Purchase Card Policy. Staff revised the current policy that was adopted in October of <br />2008. The changes made 2 <br />Purchasing. This section sets the maximum single transaction limit to those stated in the <br />Purchasing Policy under the Authorization Limit section. The other change made was to <br /> section covers the Purchase Card monthly limits. It has <br />been modified to reflect the signing levels of Directors, $2,500 and $5,000, this change also <br />follows . An exception clause has been added that would allow <br />Finance to raise the total monthly limit on an card above these limits if needed. <br /> <br />There were no other changes made to the policy other than those stated above. <br /> <br />Attachments <br /> <br />Attachment A Revised City Purchase Card Policy <br /> <br /> <br /> <br /> <br />City of Arden Hills <br /> <br />City Council Meeting for July 28, 2014 <br />11 <br />Page of <br /> <br />