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Committee approves new purchasing policy; members discuss auditor consulting and procurement waivers
Summary
The Finance Committee approved a comprehensive purchasing policy update and discussed auditor-provided consulting services, competitive sourcing and administrator authority to waive procurement requirements in special circumstances such as fireworks procurement.
The Finance Committee approved a rewritten purchasing policy on July 21 that replaces an older 1996 policy and formalizes current purchasing practices, competitive-solicitation thresholds and documentation requirements. Renee, a village staff member, said the new policy is intended to balance accountability, compliance with state and federal guidelines and operational practicality…
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