2018-02-21 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes &?<LO;LS Ǵǳț ǴǲǳǺ ǷȜǵǲ JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF Councilmembers: , Chair; Dennis Robertson, Kate Kruller Staff: David Cline, Rick Mitchell, Mia Navarro, Derek Speck, Rachel Bianchi, Peggy McCarthy, Henry Hash, Vicky Carlsen, Sherry Wright, Jay Wittwer, Laurel Humphrey CALL TO ORDER: Committee Chair Quinn called the meeting to order at 5:30 p.m. I.PRESENTATIONS II.BUSINESS AGENDA Priority-Based Budgeting Update A. Staff updated the Committee on the progress of the Priority-Based Budgeting project. Departments have completed the identification of programs and are currently allocating 2017 and 2018 budgets to programs. The next step will be drafting attributes to score programs with goals, staff proposes to take the strategic plan back to the community to make sure it still reflects current priorities. Staff developed an outreach plan that includes a community workshop, a video, a multi-lingual survey, staff presentations, a road show to community groups, print and web promotion, and business outreach. Staff is seeking Committee feedback on the proposal as well as how best to involve the City Council in the process. Councilmember Robertson requested to review the early draft of the program allocations. Councilmember Kruller asked how the outreach approach differs from past budgets, and staff replied that the road show will be expanded, materials will be provided in more languages, and the message will be simple and understandable. Chair Quinn stressed the importance of explaining what cities are required to fund, and that he would like to see creative approaches to meet people where they are. He also requested that Council President Seal be given the opportunity to weigh in on her role during the outreach process. UNANIMOUS APPROVAL. FORWARD TO FEBRUARY 26, 2018 COMMITTEE OF THE WHOLE. Financial Definitions B. Staff presented a list of common financial terms and definitions along with the 2017-2018 Budget Glossary in response to the January 17, 2018 Committee request. The Committee was asked for other terms they would like to see included and the following were requested: Original Budget (to show difference between Annual or Amended Budget), Within Budget, One-Time Expenditures, Bow Wave, and a chart describing the different types of Funds. DISCUSSION ONLY.