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Staff propose higher procurement thresholds; council told ratification will appear on consent agenda
Summary
Finance and purchasing staff proposed to raise procurement thresholds (small purchases to $10,000; simplified procurement to $10,000–$50,000; formal procurements above $50,000) and confirmed a ratifying resolution will be on the consent agenda for council consideration; staff said existing audit and approval safeguards remain.
City finance staff reviewed proposed updates to Centennial’s purchasing policy during the Feb. 17 study session, saying the changes aim to improve procurement efficiency while retaining oversight and audit controls.
Jeff Gudiz, the city’s finance director, opened the presentation and said staff conducted a comprehensive review of the 2013 policy to ensure it aligns with current law, market changes and municipal practice. “Routine review reinforces transparency, strong internal controls and our ongoing commitment to responsible stewardship of public funds,” Gudiz said.
Elizabeth Dunaway, the city’s purchasing manager, described the…
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