2019-06-24 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes June 24, 2019 - 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Thomas McLeod, Chair; De'Sean Quinn, Kathy Hougardy Staff: Juan Padilla, Henry Hash, Jack Pace, Jeff Friend, Han Kirkland, Rachel Bianchi, Erika Eddins, Vicky Carlsen, Aaron Williams, Gail Labanara, Jay Wittwer Guest: Sean Goode, Public Safety Bond Financial Oversight Committee Chair; Duncan Brown & Steven Amano, PFM Financial Advisors, LLC; CALL TO ORDER: Chair McLeod called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESS AGENDA A. Report from the Public Safety Bond Financial Oversight Committee Mr. Goode provided an update on the Public Safety Bond Financial Oversight Committee (FOC), which has reviewed status and expenditure reports relating to the Public Safety Bond through April 5, 2019, finding the expenditures to be compliant with the bond purposes approved by voters. Mr. Goode said that the FOC had questions and discussion about how the City could have better projected the project expenses to avoid the budget shortfalls the City is currently addressing. He is concerned about community chatter regarding how the Public Safety Plan budgets correlate with the overall City budget, including service changes such as cancellation of the annual4t" of July fireworks. He strongly encourages the City to strengthen its communication on the Public Safety Plan budgets. Committee members discussed and agreed that more public outreach should be done on this topic. Mr. Goode suggested taking advantage of the "See you in the Park" events this summer, and Councilmember Quinn suggested he partner with the Council on that. Councilmember Hougardy said that staff should support Councilmembers with messaging, since they are usually the public face of the city. Councilmember Quinn asked Mr. Goode what has been most effective to the work of the FOC, and he replied that meeting Steve Goldblatt, the Council's Program Management Quality Assurance consultant at the April 11 meeting was very helpful in that he affirmed project costs as a non -biased expert. Councilmember Quinn pointed out that the bond measure was crafted to maintain existing service levels and is an investment in community safety. Chair McLeod said that the City is in an unprecedented construction market and he is comfortable communicating to the public that the City's estimates were too low. Committee members expressed appreciation for the FOC and Mr. Goode stated he is happy to participate as a community voice and partner of the Council. DISCUSSION ONLY.