2018-11-20 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes .IP?G<?L Ǵǲț ǴǲǳǺ ǷȜǵǲ JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF Councilmembers: Verna Seal, Acting Chair; Dennis Robertson, Kate Kruller Staff: David Cline, Peggy McCarthy, Vicky Carlsen, Richard Takechi, Bruce Linton, Chris Flores, Gail Labanara, Jeff Friend, Erika Eddins, Laurel Humphrey CALL TO ORDER: Acting Chair Seal called the meeting to order at 5:30 p.m. I. PRESENTATIONS II.BUSINESS AGENDA rd A. 2018 3 Quarter Financial Report the general state of financial affairs and highlights significant items and trends. The General Fund is on track to end the year with revenues covering expenditures and no draw down of fund balance. Revenue of $44.3 million was $162K less than budget but exceeded the same period in the prior year by almost $2 million. Actual departmental expenditures came in $1.3 million less than budget. Councilmembers asked clarifying questions about the report. Councilmember Seal reflected in a budget amendment for 2018 or 2019. Staff replied that it would be an amendment to the proposed 2019-2020 budget. When the Council makes final decisions on the proposed budget the amendments will be incorporated into the published budget. FORWARD TO NOVEMBER 26, 2018 COMMITTEE OF THE WHOLE. B. Contract: Health Care Broker Services Staff is seeking Council approval of a contract with R.L. Evans in the amount of $52,750 for healthcare brokerage services for active employee and LEOFF 1 retiree plans in 2019. R.L. Evans -funded health insurance program in 1990 and helps the City to manage costs and negotiate prices. Staff continues to be satisfied with the value and the quality of service provided by R.L. Evans and would like to renew the service through 2019. UNANIMOUS APPROVAL. FORWARD TO DECEMBER 3, 2018 REGULAR CONSENT AGENDA.