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Finance committee backs update to fund‑management code raising manager spending limits
Summary
The Skagway Finance Committee recommended a draft ordinance to update Code 4.04, raising delegated spending limits (manager authority proposed to rise from $5,000 to $25,000, shared finance/manager authority to $25,000–$50,000, assembly required above $50,000) and clarifying distinctions between operating expenditures and capital outlays.
The Skagway Municipality Finance Committee on Feb. 18 recommended a draft ordinance to the full assembly that would modernize borough code 4.04 on management of funds and update delegated spending thresholds.
The finance chair, Assembly Member Deb Potter, said the current code dates to 1984 and that staff proposed raising the borough manager's authority to approve operating expenditures from $5,000 to $25,000, creating a $25,000–$50,000 tier requiring manager and finance sign‑off, and reserving approvals above $50,000 for the assembly.…
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