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One might also argue that a self-imposed lower limit improves public confidence because the Council is <br />Y"), reviewing some City expenditures more thoroughly. However, the City has not attempted to gauge whether <br />i� public confidence is lacking; nor did we do so when the $5,000 limit was imposed. With regard to the <br />32 City's financial controls, the City Auditors have consistently concluded that the City's financial controls are <br />3 1 3 strong - both before and after the limit was enacted. <br />35 In summary, while the self-imposed lower limit may have value in improving public confidence and <br />36 keeping the Council better informed, Staff does not believe it creates any value with regard to the City's <br />7 purchasing or financial controls. <br />POLICY OBJECTIVE <br />To determine whether to amend City Code Section 103.05. <br />FINANCIAL IMPACTS <br />Not applicable <br />,42 STAFF RECOMMENDATION <br />43 Not applicable <br />441 REQUESTED COUNCIL ACTION <br />4`15 No Council action is being requested at this time. The information is presented for discussion <br />4`16 purposes. <br />4`17 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: None <br />016�j <br />