2020-11-09 Finance Minutes - Laserfiche WebLink

Browse Search

4 d.91?City Councit•Committee Meeting Minutes No vember 9, 2020 - 5:30 p. m. - Electronic Meeting due to COVID-19 Emergency Councilmembers Present- Verna Seal, Chair; Kathy Hougardy, Zak Idan Staff Present.• Rachel Bianchi, Sherry Wright, Gail Labanara, Vicky Carlsen, Tony Cullerton, Laurel Humphrey Chair Seal called the meeting to order at 5:30 p.m. I. BUSINESSAGENDA A. Resolution: 2021 Legislative Agenda Staff is seeking Council approval of a resolution to adopt the 2021 Legislative Agenda. Item(s)requiring follow-up Add item relating to bank de-risking/financial inclusion Committee Recommendation Unanimous approval. Forward to November 16, 2020 Regular Meeting. B. Financial Policies Legislation Staff is seeking Council approval of a resolution adopting revised Financial Policies, a resolution adopting a Purchasing Policy, and an ordinance amending Tukwila Municipal Code Chapter 3.32. Item(s) needing follow-up: • Add "The City shall, whenever practical and advantageous, pursue grant funding" to the beginning of Financial Policy 5a. • Add reference to TMC REET provision to Financial Policy 60. • Clarify that committee approvals are needed prior to applying for grants requiring a local match. • Remove "to the extent possible" from the first sentence in Purchasing Policy 4D. • Change first sentence of Purchasing Policy 15A to "The contractor or consultant may be required to provide the City with a Certificate of Insurance..." Committee Recommendation Unanimous approval. Forward to November 23, 2020 Committee of the Whole.