Prior to the purchase of any depreciable fixed asset exceeding $1,000 in estimated costs ($2,500 for enterprise fund purchases), the department director shall notify the purchasing officer of his or her intent to purchase a given asset. The following review standards are established for all purchases of depreciable fixed assets exceeding $1,000 in estimated costs($2,500 for enterprise funds):
(A) Purchase requests over $1,000 in estimated cost that are not included in the current approved budget shall be promptly agendized by the purchasing officer for review by the city council. If said requested purchase is approved by the city council, purchase may proceed as specified in Chapter 3.16.
(B) Purchase requests included in the current approved budget shall have the following review standards:
1. Purchase requests over $1,000 ($2,500 for enterprise funds) shall be approved by the department director and Finance Director.
2. Purchase requests over $5,000 ($7,500 for enterprise funds) shall be approved by the department director, the Finance Director and the City Administrator. The bid procedure specified in Chapter 3.16.070 shall apply.
3. Purchase requests over $10,000 ($15,00 for enterprise funds) shall be approved by the department director, the Finance Director and the City Administrator. In addition, the purchase request shall also be promptly agendized by the purchasing officer for review by the city council. If said requested purchase is approved by the city council, purchase may proceed as specified in Chapter 3.16.
(Ord. 703-2000; Ord. 556 (part), 1989).