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Finance committee proposes lowering contract-review threshold to $500,000
Summary
The Health Commission's Finance & Planning Committee proposed a draft policy to require committee review for contracts of $500,000 or more annually to capture about 90% of contract dollars while reducing the number of contracts brought to the full commission.
Commissioner Jones reported from the Finance & Planning Committee that staff are drafting a revised contract-review policy to reduce the monetary threshold for committee review from the prior $1,000,000 proposal to $500,000 annually. "We are going to revise the policy so that any contract that's $500,000 or more annually will come to the committee for approval and then to the…
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