Purchasing
The Poughkeepsie Public
Library District establishes this purchase policy in order to comply with
generally accepted auditing standards and cost containment.
With the understanding that
purchases for library materials are often available through statewide or
national discount programs for libraries, the Board of Trustees establishes the
following policy related to bids:
|
Purchase
Amount |
Policy |
|
Up to $1,000 |
Discretion of the Executive Director |
|
$1,000 - $2,999 |
Minimum of three documented telephone quotes (attached to
purchase order) |
|
$3,000 - $4,999 |
Minimum of three written quotes (attached to the purchase
order) |
|
Over $5,000 |
Formal bid process approved by the Board of Trustees
(attached to the purchase order) |
|
Purchases |
Public
Works |
Policy |
|
Up to $2,000 |
Up to $2,000 |
Discretion of the Executive Director |
|
$2,001 - $5,000 |
$2,001 - $5,000 |
Minimum of three documented verbal quotes or a documented
reasonable alternative approved by either the Treasurer or the President
prior to purchase and reported to the Board of Trustees (attached to purchase
order) |
|
$5,001 - $9,999 |
$5,001 - $9,999 |
Minimum of three written quotes or a reasonable documented
alternative approved by the Finance Committee prior to the purchase and
reported to the Board of Trustees (attached to purchase order) |
|
$10,000 or more |
$10,000 or more |
Formal bid process approved by the Board of Trustees
(attached to the purchase order) |
The Executive Director shall
be responsible for establishing procedures for the proper and cost-effective
preparation and execution of purchase orders.
There shall be no purchases
for items where there is no appropriation.
The Executive Director shall have the authority to transfer funds within
defined budget lines. The need to
transfer funds outside the limits established by the Board shall require prior
approval by the Board of Trustees. All
transfers shall be reported to the Finance Committee on a quarterly basis.
All invoices and
pre-payments shall be paid in accordance with guidelines established by the Board
of Trustees. The Executive Director
shall have the authority to pay all claims made for purchases and report such
activity to the Board of Trustees on a monthly basis.