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Committee debates financial policy change to allow staff approval of small settlements; council review set
Summary
Finance staff proposed updates to the city’s financial management policy that include adjusting procurement thresholds, harmonizing surplus asset rules and allowing staff to resolve small claims or severance agreements up to $30,000 with mayoral sign‑off.
The Finance & Administration Committee considered a proposed amendment to the city’s financial management policy that would, among other technical changes, delegate authority to resolve small claims and severance/separation agreements (defined as $30,000 or less) to the city administrator with final approval by the mayor.
Finance staff said the changes would harmonize surplus asset procedures…
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