2019-05-28 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes May 28, 2019 - 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Thomas McLeod, Chair; Verna Seal, De'Sean Quinn Staff: David Cline, Vicky Carlsen, Chris Flores, Jake Berry, Juan Padilla, Rachel Bianchi, James Booth, Jason Konieczka, Laurel Humphrey CALL TO ORDER: Chair McLeod called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESS AGENDA A. 2018 Year -End Financial Report Staff presented a summary of the 2018 year-end financial report. Total General Fund revenues of $64 million exceeded total General Fund expenditures of $62.5 million by $1.5 million. Unreserved fund balance in the General Fund increased from $11.9 million in 2017 to $13.3 million at the end of 2018, sales and use tax increased $1.8 million over 2017, all General Fund departments finished under budget, the value of building permits increased $30.1 million over 2017, and the reserve policy was met. DISCUSSION ONLY. FORWARD TO JUNE 10, 2019 COMMITTEE OF THE WHOLE. B. Fire Department Financial Update Staff presented an overview of the current and historical Fire Department budget, staffing, and service levels. The Fire Department is anticipated to be over budget, and staff will return with a projected year-end model for the Committee to discuss. Preliminary possible policy options to keep the Fire Department within budget would be to increase budget/revenues to support the current level of service/staffing, or to adjust service/staffing. More information about call statistics will be brought back to the Committee for review. Committee members discussed the information and staff will return with additional information regarding vacation policies, long- term disability trends, and previous justifications for budget issues in the department. Chair McLeod stated that he would like this Committee to address the Fire Department budget issues this year and he would like Fire Department collaboration on the solution. DISCUSSION ONLY. C. Fire Station 52 Funding Staff presented an update on the status of Fire Station 52, which is now through schematic design. The construction budget is estimated to over budget by $4.23 million including sales tax and contingency. The most volatile costs on the project are associated with earthwork, so the project team has chosen to include a 30% contingency, over $1 million. Final numbers will be known once the bid results are received and compiled. The Public Safety Committee discussed the project at its last meeting and agreed with staff's recommendation for the Finance