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Council adopts financial management code amendment; purchasing policy separated from finance document
Summary
Council approved a code amendment to adopt the city’s Financial Management Policy as the official finance policy and to separate purchasing/procurement into a standalone document. Vote was 5-0 on second reading.
On second reading the City Council adopted an ordinance that designates the City of Stonecrest Financial Management Policy as the city’s official finance policy and separates procurement rules into a separate purchasing policy.
Finance staff said the change clarifies that financial management and procurement are distinct documents; the code amendment revises Chapter 2 (Administration), Article 6 (Finance) to reflect the updated titles. The ordinance passed on its second reading by a recorded vote of 5-0.
The council did not request further changes on second reading; staff said the finance documents will be posted and used for city financial operations going forward.
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