2019-03-25 Finance Minutes - Laserfiche WebLink

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Finance Committee Minutes March 25, 2019 allocated budget reflects year-to-date spending patterns of the previous year. Significant variances include $55k over budget in Fire, primarily due to salaries from three pipeline positions and a Worker's Comp payment, and $110K under budget in Police from salaries, overtime and insurance. DISCUSSION ONLY. III. MISCELLANEOUS Priority -Based Budgeting Staff provided a status update on the implementation of Priority -Based Budgeting (PBB). PBB will continue in 2019, including reviewing and possibly adjusting the scoring process and program attributes, finalizing the formula for allocating programs to tiers, identifying programs in the remaining funds, identifying performance measures, and continued community outreach. 4' Quarter Sales Tax & Miscellaneous Revenue Report Staff presented the 2018 Fourth Quarter Sales Tax and Miscellaneous Revenue Report, including details on retail sales tax, gambling tax, and admissions tax revenues with sales tax broken out by industry classifications. Sales tax collections increased $302K or 6% over the same period last year. 2018 collections were almost $1.7M, or 10%, more than 2017 totals. Construction activities contributed $429K during the 4' Quarter. Sales Tax Research Project Staff updated the Committee on the efforts of the sales tax staff committee, which is researching whether Tukwila is receiving all the sales tax it is due. The group received information from MRSC, which indicated that the Washington State Department of Revenue sales tax database is address - based and uses geo-codingtools so the issue of the shared zip code should not matter. Tukwila can't initiate a sales tax audit but could reach out to DOR to request one. The Committee will be kept updated on these issues. Adjourned at 6:45 p.m. Committee Chair Approval Minutes by LH