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HomeMy WebLinkAbout14-043 Revised Purchasing Policy4646 Dakota Street SE Prior Lake MN 55372 , 6)73098-32 %6)73098-32%4463:-2+%6):-7)(496',%7-2+430-'= MCGUIRE SOUKUP 1SXMSR&]7IGSRH&] Minnesota Statute 471.345 sets forth the law regulating the sale or purchase of supplies, materials, ;,)6)%7 equipment or the rental thereof, or the construction, alteration, repair or maintenance of real or personal property in Minnesota Cities and the City of Prior Lake. Prior Lake City Code 106.500 set forth additional local regulation of purchases and acquisitions of services, equipment and supplies in the City of Prior Lake; and The goals of the Purchasing Policy are to ensure all purchases are consistent with Minnesota Statutes, ;,)6)%7 establish internal controls, maintain appropriate documentation, ensure the best value for the public money, and assign purchasing responsibility/authority to the level consistent with good business practice and sound financial management policy; and The City of Prior Lake’s current Purchasing Policy was last revised in 2012. At that time, the policy was ;,)6)%7 revised to place purchasing authority primarily with department heads and the City Manager; and The revised purchasing policy retains desired levels of transparency and accountability while distributing ;,)6)%7 responsibility for purchases at certain dollar thresholds from department heads exclusively to department heads, supervisors and designated staff; and The Council finds the revised Purchasing Policy, dated April 14, 2014, is consistent with Minnesota ;,)6)%7 Statutes and with Prior Lake City Code, establishes internal controls, maintains appropriate documentation, ensures the best value for the public money, and assigns purchasing responsibility/authority to the level consistent with good business practice and sound financial management policy. ,as 23;8,)6)*36)&)-8,)6)&=6)730:)(&=8,)'-8='392'-03*46-360%/)1-22)738% follows: 1.The recitals set forth above are incorporated herein. 2.The City of Prior Lake Purchasing Policy, dated April 14, 2014, is hereby approved. PASSED AND ADOPTED THIS 14 DAY OF April 2014. th Hedberg Keeney McGuire Morton Soukup :38) Aye Nay ______________________________ Frank Boyles, City Manager