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<br /> <br /> <br />City of Tukwila <br /> <br /> <br />City Council Finance Committee <br /> <br /> <br /> <br />FINANCE COMMITTEE <br />Meeting Minutes <br />April 3, 2018 5:30 p.m. Hazelnut Conference Room, City Hall <br /> <br />Councilmembers: , Chair; Dennis Robertson, Kate Kruller <br />Staff: Peggy McCarthy, Jay Wittwer, Gail Labanara, Vicky Carlsen, Henry Hash, Ben <br />Hayman, David Cline, Jack Pace, Laurel Humphrey (by phone) <br /> <br />CALL TO ORDER: Committee Chair Quinn called the meeting to order at 5:30 p.m. <br /> <br />I.PRESENTATIONS <br /> <br /> <br />II.BUSINESS AGENDA <br /> <br />Year-End General Fund Update for 2017 <br />A. <br /> <br />Staff updated the Committee on preliminary results of the general fund for the fiscal year ending <br />December 31, 2017. Total revenues exceeded total expenditures by $17K and the ending fund <br />balance was approximately $11.85 million. Total revenues were $60.5M, or $2.35M below budget, <br />and total expenditures were $2.72M under budget. DISCUSSION ONLY. <br /> <br />January 2018 General Fund Update <br />B. <br /> <br />Staff updated the Committee on departmental expenditures for January 2018. Expenditures <br />totaled $5.7 million as compared to the allocated budget of $6.0 million, with notable variances <br />in Technology and Innovation Services salaries and benefits, Street Maintenance, and <br />unresolved labor contracts and vacancies. DISCUSSION ONLY. <br /> <br />Proposed Schedule for 2019-2020 Biennial Budget <br />C. <br /> <br />Staff <br />the 2019-2020 Biennial Budget and Capital Improvement Plan. The proposal is split into three <br />phases: Enterprise Funds, Capital Project Funds, and General Funds, Internal Service Funds, <br />Other Funds and Financial Planning Model Attachment A. All budget components will be <br /> The <br />process will incorporate the first phases of priority-based budgeting as all departments will have <br />budgets allocated to programs. Chair Quinn stated that budget preparation should be thought <br />of as a partnership between staff and the Finance Committee to ensure that Council has the <br />information needed for good decision-making. DISCUSSION ONLY. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />