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File #: 2018-868    Version: 1 Name:
Type: Resolution Status: Passed
File created: 7/31/2018 In control: Board of Directors Workshop Meeting
On agenda: 8/8/2018 Final action: 8/8/2018
Title: Approval of Great Lakes Water Authority Procurement Card Policy
Sponsors: Nicolette Bateson
Indexes: Finance
Attachments: 1. Procurement Card Procedure V1.pdf, 2. Procurement Card Policy V1.pdf, 3. PCard Policy Comparison to Credit Card Transactions Act, 4. Policy Resolution - Procurement Card
Title
Approval of Great Lakes Water Authority Procurement Card Policy
Body

Agenda of: August 8, 2018
Item No.: 2018-868
Amount: N/A

TO: The Honorable
Board of Directors
Great Lakes Water Authority

FROM: Sue F. McCormick
Chief Executive Officer
Great Lakes Water Authority

DATE: July 25, 2018


RE: Approval of Great Lakes Water Authority Procurement Card Policy


MOTION

Upon recommendation of Nicolette Bateson, Chief Financial Officer/Treasurer, The Board of Directors (Board) of the Great Lakes Water Authority (GLWA), approves the Procurement Card Policy as presented; and authorizes the CEO to take such other action as may be necessary to accomplish the intent of this vote.

BACKGROUND
The Great Lakes Water Authority Procurement Card Program has been established to provide an efficient and cost-effective method of paying for business related goods and services. A procurement card (PCard) may be used with any merchant that accepts credit cards. This program is designed to serve as an alternative to the use of petty cash or instances where a purchase order, just-in-time procedures, or other formal procurement methods cannot be used. It is not intended to be a mechanism to avoid or by-pass the Great Lakes Water Authority (GLWA) Procurement Policy.

JUSTIFICATION
GLWA established its own PCard program with Comerica Bank at the time of the stand-up of GLWA on January 1, 2016. The program that was established was carried forward from the predecessor Detroit Water & Sewerage Depart (DWSD) PCard program. The program and policy have now been revised and updated to meet GLWA's business requirements. The Chief Financial Officer/Treasurer has delegated authority to the Treasury Manager to be the Program Administrator and oversee compliance with this policy. The Program Administrator is responsible for managing the program including PCard issuance, reporting, and monitoring usage. All PCards issued to employees must be approved ...

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