2019-07-22 Finance Minutes - Laserfiche WebLink

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City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes July22, 2019 - 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Thomas McLeod, Chair; De'Sean Quinn, Kathy Hougardy Mayor & Staff: Allan Ekberg, David Cline, Henry Hash, Ben Hayman, Jay Wittwer, Dawn Judkins, Vicky Carlsen, Jeff Friend, Laurel Humphrey, James Booth, Jeremy Brecher- Haimson CALL TO ORDER: Chair McLeod called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESS AGENDA A. May 2019 Departmental Budget-to-Actuals Report Staff presented the Committee with the May 2019 Financial Report, which describes the general state of departmental expenditures and highlights significant trends. General Fund expenditures totaled $27.1 million as compared to the allocated budget of $27.4 million. The allocated budget reflects year-to-date spending patterns of the previous year. Significant unbudgeted events include the East Marginal Way power pole accident on April 5 and the February snowstorms. The City filed a claim with the Washington State Cities Insurance Authority for reimbursement of the expenditures associated with the power pole incident, and partial payment has been received with the balance coming in later. DISCUSSION ONLY. B. 2019 1st Quarter Financial Report Staff presented a summary of the 2019 1st Quarter financial report, including budget variances, sales and property tax and other revenues, expenditures, departments, fund balance, special revenue funds, capital projects, enterprise funds, and internal service funds. The City is on track to meet its reserve policy at year-end. FORWARD TO AUGUST 12, 2019 COMMITTEE OF THE WHOLE. C. Fire Department Budget: Service Levels Chair McLeod opened the discussion stating that the Fire Department has consistently been over budget since 2012, and this Committee will be working to identify the right funding and service model going forward. He urged everyone to keep an open mind and expect to have honest conversations, and that the Council will be making the best decision for the community. Staff noted that there will need to be a 2019 budget amendment for Fire regardless of this decision - making process. Building upon previous Committee discussions on the Fire Department budget, staff provided an overview of minimum and current service levels, excluding the Fire Marshal's Office. There is not a specific state statute that requires cities to provide fire protection services, but the RCW does specify that cities must set their own service levels and performance objectives