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AGENDA ITEM #10.2 <br /> REPORT TO <br /> CITY COUNCIL <br /> Date: June 6, 2006 <br /> Subiect: Request to increase quote amount <br /> Report: The current policy states that quotes must be <br /> received for any capital expenditure over $2,000. The Clerk <br /> is requesting the Council to increase this amount to $2,500. <br /> `- This is the amount that is used in our Accounting and <br /> Reporting Policy. It would help to be consistent in what we <br /> consider to be a capital expenditure. If this is approved by <br /> the Council, we will add it to our Accounting and <br /> Reporting Policy. <br /> Council Action Requested: Council motion to amend the <br /> Accounting and Reporting Policy adopted in March, 2005, <br /> by adding the following language: <br /> "Any employee making a capital expenditure of over <br /> $2,500 is required to receive at least two quotes for such <br /> expenditure." <br />