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HomeMy WebLinkAboutA011 - Resolution approving revisions to Purchasing Policies and Procedures effective September 23, 2025ITEM #:14 DATE:09-23-25 DEPT:FIN SUBJECT:REVISIONS TO PURCHASING POLICIES AND PROCEDURES COUNCIL ACTION FORM BACKGROUND: The objectives of the Purchasing Division include recommending policies and procedures that comply with applicable laws and regulations, protecting the interests of the City, and enabling City programs to provide cost-effective services to the public. The division maintains a Purchasing Policies and Procedures Manual to assist in achieving these goals. Revisions to the Purchasing Policies and Procedures Manual are proposed to account for recent changes in the public improvement bid thresholds and retainage requirements. Additionally, staff recommends amending the capital purchase thresholds. A summary of proposed revisions is attached. Two sections of the Purchasing Policies and Procedures Manual contain proposed revisions: Section 6: Bids, Quotations, and Proposals: The Code of Iowa Section 314.1B establishes horizontal and vertical bid threshold subcommittees that meet every other year to establish the bid and quotation thresholds for city and county public improvement projects. Typically, the City then adopts the same limits and includes them in the Purchasing Policy and Procedures Manual. The last modification to these limits took place on June 11, 2019. At that time, the City Council approved revising the City's purchasing policy to follow the statutory limits set by these subcommittees. The City’s thresholds are currently: Year Effective Threshold Horizontal Infrastructure Cities > 50,000 population Vertical Infrastructure Cities > 50,000 population 2019 Competitive Bid $93,000 $196,000 2019 Competitive Quote N/A $109,000 The State’s subcommittees have met and changed the bid and quote thresholds to the following: Year Effective Threshold Horizontal Infrastructure Cities > 50,000 population Vertical Infrastructure Cities > 50,000 population 2025 Competitive Bid $89,000 $206,000 2025 Competitive Quote N/A $114,000 1 The threshold established by the State subcommittees for horizontal infrastructure bids has been decreased by $4,000, to $89,000. The threshold for vertical infrastructure bids has been increased by $10,000, to $206,000. The threshold for vertical infrastructure quotes has been increased by $5,000, to $114,000. In order to remain in compliance with the Iowa Code Section 314.1B, staff recommends amending the Purchasing Policies and Procedures Manual to match the State's revised thresholds. Section 18 Specification Guidelines & Procedures: Effective July 1, 2025, Senate File 574 amended Iowa Code Chapter 573 by reducing the maximum amount of retainage that may be withheld from a contractor ’s monthly payments. The retainage limit has been reduced from 5% to 3%. This change applies both to the amounts a governmental body may withhold from a principal contractor and to the amounts a contractor may withhold from subcontractors, which are now limited to 3% or the retainage percentage specified in the subcontract, whichever is less. Other Changes: The City currently defines capital assets for financial reporting and policy purposes as purchases exceeding $5,000. However, guidance issued by the Federal Office of Management and Budget (OMB), effective October 1, 2024, raised the minimum capitalization threshold for equipment acquired with federal funds to $10,000. By aligning with this new federal standard, the City can streamline internal processes, reduce the administrative workload associated with tracking lower-value assets, and ensure consistency with best practices in financial management. Implementing this change requires updating the City’s Purchasing Policies and Procedures Manual to reflect the new $10,000 capitalization threshold. In addition, the detailed account codes used to categorize purchase types will need to be revised to align with the updated capitalization policy. This coordinated effort will ensure consistency across all financial and purchasing documentation and will result in a more efficient and compliant asset management system. ALTERNATIVES: 1. Approve revisions to the purchasing policies and procedures to become effective September 23, 2025. 2. Do not approve revisions to the purchasing policies and procedures. CITY MANAGER'S RECOMMENDED ACTION: The proposed revisions to the purchasing policies and procedures reflect new statutory limits and industry best practices. These revisions will improve the efficiency of the City's procurement process and administration of construction projects, and improve control and reporting for the Purchasing Division. Therefore, it is the recommendation of the City Manager that the City Council adopt Alternative No. 1. 2 ATTACHMENT(S): Summary 2025 Policy Changes.pdf Summary of Changes 2025 Purchasing Procedures.pdf 3 1 SUMMARY OF 2025 CHANGES TO PURCHASING POLICIES Section 1: Organization, Purpose, and General Guidelines: No additional changes Section 2: Requisitions for Purchase Order: Section Subject Description of Change Comments Capital items are $10,000 in value or more fuel oil and 4060 to Maintenance Agreements on office equipment and minor equipment; change payments for photocopier leases and rentals from radios, portable telephones, etc Reflect changes in element object numbers Section 3: Fleet Vehicles and Equipment: No additional changes Section 4: Technology and Communications Purchases: No additional changes Section 5: Specifications and Descriptions/Statements of Work: No additional changes Section 6: Bids, Quotations, and Proposals 6.04 A1 A2, & C Amounts for Bids/Quotations and Reflects statutory bid threshold limits raised by subcommittee for public improvements 6.05 A Types of Solicitations Change footnote to the current bid threshold limits Section 7: Purchase Order-Receiving Report: No additional changes Section 8: Emergency & Rapid Need Purchases: No additional changes 4 2 Section 9: Travel, Conference, & Training Expense: No additional changes Section 10: Reserved Section 11: Central Office Supply Store & Inventory Management: No additional changes Section 12: Disposal of Surplus Property: No additional changes Section 13: Conflict of Interest Policies and Code of Ethics: No additional changes Section 14: Procurement Card Program: No additional charges Rev. 9/23/25 5 1 SUMMARY OF 2025 CHANGES TO PURCHASING PROCEDURES Section 15: Procedures for Requisitions or Purchase Order: No additional changes Section 16: Procedures for the Purchase of Fleet Equipment: No additional changes Section 17: Procedures for the Purchase of Technology & Communication Equipment: No additional changes Section 18: Specification Guidelines & Procedures: 18.04 B Retainage Change maximum retainage amount Section 19: Procedures for Bids, Quotations, and Proposals: 19.01 B & C Competitive Solicitation is Reflects statutory bid threshold limits raised by subcommittee for public improvements 19.04 D & F Requirements and Reflects statutory bid threshold limits raised by subcommittee for public Section 20: Procedures for Purchase Order Receiving Report: No additional changes Section 21: Procedures for Emergency & Rapid-Need Purchases: No additional changes Section 22: Procedures for Travel, Conference, & Training Expenses: No additional changes Section 23: Section not used Section 24: Procedures for Central Stores & Catalogued Inventory Management: No additional changes Section 25: Procedures Relating to Conflict of Interest & Code of Ethics: No additional changes 6 2 Section 26: Procurement Card Program Procedures: No additional changes Rev. 9/23/2025 7