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City of Tukwila <br />Allan Ekberg, Mayor <br />• :I ji FA%• ` • ' <br />TO: Finance Committee <br />FROM: Laurel Humphrey, Council Analyst <br />CC: Mayor Ekberg <br />DATE: August 29, 2017 <br />SUBJECT: Report of the Public Safety Bond Financial Oversight Committee <br />ISSUE <br />First report to the City Council from the Public Safety Bond Financial Oversight Committee <br />DISCUSSION <br />The City Council established a Public Safety Bond Financial Oversight Committee to <br />"independently represent taxpayers concerning the City's expenditure of revenues received <br />from the sale of general obligation bonds," and to "review the allocation of bond proceeds and <br />progress on achieving the purposes of the Public Safety Bond," and to "report at least semi- <br />annually to the City Council and the public on the same." On April 3, 2017 the Council appointed <br />Sean Goode, Jessica Jerwa, Andy Reiswig, Randy Coplen, and Jun Castillo to serve on the <br />Committee. <br />The Public Safety Bond Financial Oversight Committee is required to meet at least twice per <br />year, and to report to the Council at least twice per year. The Committee had its first meeting <br />on June 29, 2017 and this is its first report. This is also an opportunity for the City Council's <br />Finance Committee to meet with the Oversight Committee and give advice or direction on future <br />reports or other communications. <br />RECOMMENDATION <br />Staff recommends that this first report be delivered to the Finance Committee and provided in <br />hard copy to the rest of the Council, and that the Oversight Committee present its second 2017 <br />report in person to the full Council at a Committee of the Whole or Regular meeting. <br />ATTACHMENTS <br />• Committee Report <br />• June 29, 2017 draft minutes <br />• Responses to questions from June 29, 2017 meeting <br />