TO: Mayor and Commissioners
FROM: Jeff Snyder, Chief Financial Officer
THROUGH: Chief Neal de Jesus, Interim City Manager
DATE: February 21, 2017
Title
PNC COMMERICAL PURCHASING CARD PROGRAM AUTHORIZATION AND AGREEMENT
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Recommended Action:
Recommendation
Motion to Authorize the Mayor to sign the Commercial Purchasing Card Program with PNC Bank.
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Background:
The City currently utilizes two commercial card programs to conduct City business. One is with Bank of America and the second is with Commerce Bank. We are consolidating these relationships into one program with PNC Bank our current bank. It is also Finance Department's intent to expand the program to increase accountability, strengthen internal controls, and as an ancillary benefit a larger rebate. We anticipating rolling out the new procurement card program in phases as we implement the new ERP system. By signing the contract now we will be able to setup and phase-in the new program.
City Attorney Review:
Approved as to form and legal sufficiency.
Finance Department Review:
Finance Department recommends approval.
Funding Source:
There is no cost to the City for implementing this program (all setup costs have been waived) or utilizing this program.