City of Collegedale, TN Chapter 1 Miscellaneous

§ 5-101 Official depository for city funds.

[1977 Code, § 6-101]

The Pioneer Bank, Collegedale, Tennessee, is hereby designated as the official depository for all city funds.

§ 5-102 Fiscal year.

[1977 Code, § 6-102]

The fiscal year for the City of Collegedale shall begin annually July 1st and end June 30th next.

§ 5-103 Sealed bids required on purchases over $10,000.

[Ord. 275, June 1990; Ord. 463, Oct. 1996]

(1) The City of Collegedale shall require formal advertised sealed bids only on purchases greater than ten thousand dollars ($10,000).

(2) The city manager has authority to purchase up to three thousand five hundred dollars ($3,500) limit without prior approval from the commission, provided evidence of thorough competitive price quotations are furnished to the commission.