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2.52.030. Supplies, materials, equipment, improvements, buildings, and land

            All purchases and recording of capital assets shall be made as follows:

            (1)        Purchases or contracts for the purchase of land, buildings, improvements, equipment, materials, and supplies where the amount is Three Thousand Dollars ($3,000.00) or more shall be awarded only after informal competitive price quotations have been solicited and received, except where formal competitive bidding is required in Section 2.52.040, then that Section shall apply.  A written record of the informal quotations shall be made and kept by each department for three (3) years after the order of supplies, materials, or capital assets.

            (2)        In order to promote overall economy and the best use for the purpose intended, the City administration shall be responsible for assuring that all purchases or contracts for purchase shall obtain the desired supplies, materials, and capital assets for the lowest possible price.

            (3)        Purchases of land, buildings, improvements, and equipment shall be considered a capital asset for financial reporting purposes if the dollar value equals or exceeds the amount for that class of asset as follows:

 

Land

$1

Buildings

$100,000

Improvements other than buildings and land

 

 

Infrastructure

$100,000

 

Other

$50,000

Equipment

 

 

Rolling stock

$10,000

 

Other

$5,000

 

            Otherwise, the purchase shall be considered an operational expenditure or expense.


Ord. No.97-35, Recodified, 6/19/1997
Ord. No. 02-30, Amended, 6/20/2002
Ord. No. 03-34, Amended, 9/18/2003

Municipal Code (PDF Format)



 
 
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