The City is in the process of developing and adopting a written procurement policy that complies with the Uniform Guidance procurement standards while remaining consistent with applicable Federal and Virginia procurement requirements. Upon adoption, the policy will establish documented procedures for all procurement methods, including required approvals, competition requirements, contract administration, and documentation standards. Finance and procurement staff will utilize the policy for all applicable federally funded purchases· to ensure compliance with Federal and State regulations. The procurement policy is expected to be adopted and implemented by December 31, 2026.