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Council adopts procurement policy after officials cite federal and state rules
Summary
The Corcoran City Council approved a new purchasing policy required by federal audit findings, after staff explained federal and Minnesota thresholds limit flexibility on simplified acquisition and vendor selection.
Corcoran — The City Council on Monday approved updated financial management policies governing competitive bids and vendor selection after staff said an audit found the city lacked a required policy.
The move responds to an audit finding that the city did not have a written procurement policy for federal funds, a gap staff said created risk during recent funding reviews.
City staff told council the options in the draft policy were constrained by federal and state law. “The…
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