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Finance committee considers updates to procurement code and investment rules
Summary
Skagway’s finance committee reviewed proposed Title 4 changes to update approval thresholds, clarify when operating-budget purchases require additional approval, and consider bringing port funds under the municipality’s investment policy; staff will bring a revised ordinance draft back to the committee.
The Skagway Municipality finance committee on Feb. 4 reviewed proposed amendments to Title 4 of the municipal code that would update purchase-approval thresholds and clarify when manager-level versus committee or assembly-level approvals are required.
Bureau Manager Emily Deach told the committee the code’s dollar thresholds date to before 1984 and that a $5,000 threshold set then is roughly $15,000 in today’s dollars. "It feels a little, it doesn't feel very nimble when I am getting additional…
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