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~/ <br />Elk River <br />Municipal Utilities <br />13069 Orono Parkway • P.O. Box 430 <br />Elk River, MN 55330-0430 <br />June 3, 2008 <br />To: Elk River Municipal Utilities Commission <br />Jerry Takle <br />John Dietz <br />Jerry Gumphrey <br />From: Bryan Adams <br />Subject: Purchasing and Payment Limits <br />Phone: 763.441.2020 <br />Fax: 763.441.8099 <br />At a previous Elk River Municipal Utilities Commission meeting, John Dietz asked that this <br />commission review policies that relate to purchasing and payment of items before the <br />commission approves the check register. Enclosed is the following information for your review. <br />a) Purchase order policy dated October 23, 1996 <br />b) Payment policy dated January 14, 2003 <br />c) Note that the competitive bid threshold increased effective August 1, 2008 from $50,000 <br />to $100,000. <br />