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Lake Stevens approves citywide purchasing card policy, authorizes mayor to sign US Bank agreement
Summary
Council approved a purchasing-card (P‑card) policy and authorized the mayor to sign associated agreements with US Bank. Staff said the program costs the city nothing, offers a reported rebate and tighter controls, and will be rolled out selectively; council asked for safeguards on transaction fees, periodic oversight and reporting.
The Lake Stevens City Council approved a purchasing-card policy and authorized the mayor to sign associated documents with US Bank to implement a citywide procurement-card (P‑card) program.
Matthew Heist, finance manager, described the US Bank program as having no additional cost to the city and providing a flat rebate for purchases (stated in the presentation as 11.35%). Heist said the program offers more…
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