What transactions need to be included on the Procurement Report?
This Report should include the procurement guidelines adopted by the public authority and a list of all procurement contracts. Procurement guidelines should reflect the policies governing the awarding, monitoring, use and reporting of contracts and establish the dollar thresholds for purchases requiring board approval. Procurement contracts are defined as any written agreement for the purchase of goods or services in the actual or estimated amount of $5,000 or more. Please refer to Section 2879 of Public Authorities Law for further guidance.
