RESOLUTION

 

A RESOLUTION TO APPROVE AN AMENDMENT TO THE PROCUREMENT POLICY TO CONFORM TO SPENDING THRESHOLDS

 

WHEREAS, the Procurement Policy establishes the authorized spending thresholds for all County and School Departments based on guidelines established in the Virginia Public Procurement Act; and

 

WHEREAS, based on a review of spending thresholds in other neighboring jurisdictions and at the State level, the Finance Department recommended increasing Fauquier County current thresholds; and

 

WHEREAS, the Finance Committee reviewed these revised thresholds and recommended approval; now, therefore, be it

 

RESOLVED by the Fauquier County Board of Supervisors this 13th day of January 2005, That the amendment to the Procurement Policy increasing the authorized spending thresholds be, and is hereby, authorized effective immediately.