§ 35.45 PURPOSE.

   (A)   This policy has been designed to establish the procedures to be used with the village’s purchasing card program.

   (B)   This policy intends to accomplish the following:

      (1)   Establish appropriate internal controls over the purchase card process to ensure cards are only used for authorized purposes;

      (2)   Ensure the village bears no legal liability from inappropriate use of procurement cards;

      (3)   To provide a convenient source of funding for employees who must procure for the village; and

      (4)   Verify payments for purchases are made on a timely basis to minimize finance charges.

(Res. 2013-011, passed 3-18-2013)