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<br />City of Tukwila <br />City Council Finance Committee <br />FINANCE COMMITTEE <br />Meeting Minutes <br />July 17, 20185:30p.m. Hazelnut Conference Room, City Hall <br />–– <br />Councilmembers: De’Sean Quinn, Chair; Dennis Robertson, Verna Seal <br />Staff:David Cline, Rick Mitchell, Peggy McCarthy, Vicky Carlsen, Stephanie Brown, Erika <br />Eddins, Jay Wittwer, Gail Labanara, Wynetta Bivens, Laurel Humphrey <br />CALL TO ORDER: Committee Chair Quinncalled the meeting to order at 5:30p.m. <br />I.PRESENTATIONS <br />II.BUSINESS AGENDA <br />dinance and Resolution: Updating Commercial Parking Tax <br />A. <br />dd <br />Staff is seeking Council approval of an ordinance nd resolution to amend Tukwila Municipal <br />d <br />Code 3.48 to gradually increase the commercial parking tax from 5% to 15% and impose a late <br />penalty of 10% per month. The commercial parking tax was established in 1998 and has not <br />been updated since then. An increase to 15% will make the rate comparable to tax rates in <br />surrounding jurisdictions. There are currently nine parking facilities in Tukwila that charge <br />customers and are therefore subject to this tax. Parking tax revenues are restricted to <br />transportation projects. An ordinance was proposed to Council last year that would have made <br />the 15% rate effective on January 1, 2018. Following a public hearing held on November 21, <br />2017staff revised the proposal to graduate the increaseby imposing 8% in 2019, 11% in 2020, <br />, <br />and 15% in 2021. Councilmember Robertson stated that he would like Tukwilas rate to match <br />’ <br />SeaTac, which currently charges $3 per vehicle, and will not support the proposal as presented. <br />Councilmembers Quinn and Seal stated support for the proposals. <br />roposed ordinance: MAJORITY APPROVAL WITH COUNCILMEMBER ROBERTSONOPPOSED. <br />d <br />FORWARD TO JULY 3, 2018 COMMITTEE OF THE WHOLE. <br />2 <br />Proposed resolution UNANIMOUS APPROVAL. FORWARD TO JULY 3, 2018 COMMITTEE OF <br />:2 <br />THE WHOLE. <br />2017 4Quarterand 2018 QuarterFinancial Report <br />B.thst <br />1d <br />Staff presented the Committee with the City’s 2017 4thQuarter Financial Report which captures <br />the general state of financial affairs and highlights significant items and trends. For the period <br />ending December 31, 2017 revenues are below budget by $2.3million and expenditures are <br />below budget by $2.7millionWhile ongoing revenues were less than total expenditures by <br />. <br />$281K, ongoing revenues exceeded department expenditures by $5.2M Department <br />expenditures were below budget by $2.6M.rough March 31, 2018, revenues are below <br />dd <br /> <br />