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A. Update Purchasing Policy CITYOF 7700 Market Boulevard PO Box 147 Chanhassen, MN 55317 Administration Phone: 952.227.1100 Fax: 952.227.1110 Building Inspections Phone: 952,227.1180 Fax: 952.227,1190 Engineering Phone: 952.227.11d0 ['ax: 952.227.1170 Finance Phone: 952.227.1140 Fax: 952.227.1110 Park & Recreation Phone: 952.227.1120 Fax: 952.227.1110 Recreation Center 2310 Coulter Boulevard Phone: 952.227.1400 Fax: 952.227.1404 Planning & Natural Resources Phone: 952.227.1130 Fax: 952.227.1110 Public Works 1591 Park Road Phone: 952.227.1300 Fax: 952.227.1310 Senior Center Phone: 952227.1125 Fax: 952.227.1110 Web Site www. ci.chanhassen.rnn.us MEMORANDUM TO: FROM: DATE: SUB J: Todd Gerhardt, City Manager Bruce M. DeJong, Finance Director September 16, 2003 Update on Purchasing Policy/Credit Cards As you are aware, we had some difficulty in getting the credit card program established. I just distributed the credit cards a couple of weeks ago, so we haven't had time to complete a cycle with them yet. I would like to postpone the update with the City Council until we have had sufficient time to evaluate the effectiveness and efficiency of the credit card usage. I believe that the city will benefit from the elimination of open credit accounts. Employees will come to see the usefulness of having the credit cards available, making it easier to procure goods and services. I do believe that we have had fewer vendor problems since we instituted the weekly payment with your approval of significant bills. Employees have become used to looking at the dollar value of purchases and have followed proper procedures after a few minor miscues early after adopting the new policy. I think that more thoughtful review of purchases benefits the city greatly. The City of Chanhassen · A growing community with clean lakes, qualily schools, a charming downtown, thriving businesses, winding trails, and beautiful parks. A great place to live, work, and play.