(A) City Council hereby adopts the purchase and procurement procedures set forth in KRS 424.260 to enter into a contract, lease, or other agreement for the purchase of materials, supplies, equipment or contractual services other than exempt professional services in excess of the statutorily authorized purchase amount and that such purchases or expenditures in excess of the statutory limit set forth in KRS 424.260 comply with all advertisement and bid requirements prescribed therein.
(B) Any purchase involving the expenditure of money, even if less than the statutory limit of KRS 424.260, shall not be made without review and approval by the city Chief Financial Officer/Human Resource (CFO/HR) and/or Finance Director to insure that any such expenditure or purchase is within the authorized budget of the city.
(Ord. O-13-2023, passed 5-2-23)