2017-10-03 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes October3, 2017- 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Thomas McLeod, Acting Chair; Dennis Robertson, Kathy Hougardy Staff: David Cline, Jay Wittwer, Vicky Carlsen, Gail Labanara, Laurel Humphrey CALL TO ORDER: Committee Chair Seal called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESS AGENDA A. Resolution: Ordering the Cancellation of Past Due Accounts Receivable Staff is seeking Council approval of the annual resolution that would declare the cancellation of uncollectible accounts receivable. The total for this year includes false alarm fees equaling $4,750.00, miscellaneous billings equaling $4,224.76 and NSF checks equaling $30.49 for a total of $9,005.25. UNANIMOUS APPROVAL. FORWARD TO OCTOBER 16, 2017 REGULAR CONSENT AGENDA. B. Resolution: Cancelling Abandoned or Unclaimed Property Staff is seeking Council approval of the annual resolution that would declare the cancellation of abandoned or unclaimed property that is owed to individuals or business owners in time for reporting to the Washington State Department of Revenue Unclaimed Property Section by November 1, 2017. This year's report includes the cancellation of outstanding General Fund claims in the total amount of $3,184.12. UNANIMOUS APPROVAL. FORWARD TO OCTOBER 16, 2017 REGULAR CONSENT AGENDA. C. 2017 2"d Quarter Sales & Miscellaneous Revenue Report Staff presented the 2017 2nd Quarter Sales Tax and Miscellaneous Revenue Report, including details on retail sales tax, gambling tax, and admissions tax revenues with sale tax broken out by industry classifications. Total sales tax collections for the 2nd quarter were $277K below those for the same period in 2017. Committee members and staff discussed the decision of the state legislature to phase out streamlined sales tax mitigation payments. DISCUSSION ONLY. D. Public Safety Plan Financing Staff is seeking Committee direction on an approach to identify additional funding needed for the Public Safety Plan due to cost escalation and market conditions. The financial estimates for the buildings were developed in 2015 as part of the city's facilities replacement study, and since then the region has seen unprecedented growth leading to significant increases in land and construction prices. The City Council will need to identify additional sources of funding for the Public Safety Plan, and staff is seeking direction on next steps as well as confirmation that the