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<br /> <br /> STAFF REPORT <br /> <br /> <br /> <br />TO: Mayor Keis and Members of City Council <br /> <br />FROM: Brenda Malinowski, Finance Director <br /> DATE: December 16, 2020 <br /> RE: Federal Grant Awards Policy <br /> <br /> <br />ACTION REQUESTED: <br />Approve the City of Little Canada Federal Grant Awards Policy. <br /> <br />BACKGROUND: <br /> <br />CliftonLarsonAllen, LLC is recommending that the City adopt a Federal Grant Awards Policy. <br />This policy addresses financial management, purchasing and procurement, cash management, <br />program income, and payroll and timekeeping as it relates to federal funds. This Policy will be <br />added to the City’s Financial Policies. <br />If an item in the City’s Financial Policies is more restrictive than an item noted in the Federal <br />Grant Awards Policy, the City’s Policy will used for testing requirements. For example, a micro- <br />purchase per the current Federal Acquisition Regulation is currently $10,000 but the City’s <br />Financial Policy defines a micro-purchase as less than $500. <br />STAFF RECOMMENDATION: <br />Approve the City of Little Canada Federal Grant Awards Policy. <br /> <br />