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INFORMATIONAL MEMO <br />Page 2 <br />and not other anticipated fixed asset purchases. For example, the Parks and Recreation <br />Department budgets for replacement of gym equipment but does not specifically list the items. <br />The City has been considering purchases in this category "unbudgeted" which is a very <br />conservative interpretation. <br />DISCUSSION <br />It is the City's responsibility to utilize taxpayers' dollars in the most effective and efficient way <br />possible while adhering to applicable laws and regulations. Council has established a $40,000 <br />mayoral approval limit for the procurement of goods and services. The process of obtaining <br />Council approval for the purchase of the unbudgeted fixed assets, purchases between $5,000 <br />and $40,000 that have not been specifically identified and listed in the budget, takes Council and <br />staff time and the value of the policy has been questioned at times by certain Councilmembers. <br />In an effort to streamline practices, it is recommended that one of the suggested actions be taken. <br />RECOMMENDATION <br />For discussion only. <br />ATTACHMENTS <br />Ordinance to repeal Ordinance No. 2245. <br />Z:\Council Agenda IternsTinancOnfo Memo - TMC-Remove 3.32.040 4.25.17.docx <br />