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HomeMy WebLinkAbout2010-02-02 Finance and Safety MinutesFINANCE AND SAFETY COMMITTEE Meeting Minutes February 2, 2010 5:00 p.m.; Conference Room #3 City of Tukwila Finance and Safety Committee PRESENT Councilmembers: De'Sean Quinn, Chair; Allan Ekberg and Kathy Hougardy Staff: Dave Haynes, Mary Miotke, Jack Pace, Brandon Miles, Nick Olivas, Shawn Hunstock, Peggy McCarthy, Jennifer Ferrer- Santalnes, Steve Lancaster and Kimberly Matej CALL TO ORDER: Chair Quinn called the meeting to order at 5:06 p.m. I. PRESENTATIONS No presentations. II. BUSINESS AGENDA A. Grant Award: Enersv Updates to City Facilities Staff is seeking full Council acceptance of a grant award from the Washington State Department of Commerce for energy upgrades to City facilities. The grant award amount is $129,000, and requires a $10,000 match which can be a mixture of cash and labor. The City match will be funded through the green initiatives budget line item in the Mayor's Office. Grant funding will only cover a portion of the energy upgrades at the City facilities listed below. Additional funding is anticipated to be secured via rebates through providers such as Puget Sound Energy and Seattle City Light. Projects listed below are listed in order of priority. City Hall and 6300 Building o Retrofit Fixtures o Install Occupancy Sensors Fort Dent Park o Parking Lot Light Fixtures Tukwila Community Center o Parking Lot Light Fixtures UNANIMOUS APPROVAL. FORWARD TO FEBRUARY 8 COW FOR DISCUSSION. B. Valley Communications Center Bond Ordinance, Staff is seeking full Council adoption of an ordinance that provides for the repayment of new refunding bonds as a member city of Valley Communications (ValleyCom), and for authorization for the Mayor to execute a continuing disclosure statement. In 2000, bonds were issued to construct the ValleyCom Emergency Dispatch Center. In order to capitalize on low interest rates currently available, the bonds can be refunded. This action will save the City of Tukwila an estimated $77,923 between now and 2015. There is a bond issuance cost associated with the refunding, but still results in a savings. UNANIMOUS APPROVAL. FORWARD TO FEBRUARY 8 COW FOR DISCUSSION. C. Utility Billing Refunds and Back Bill Policy As an information only item, staff reported on a new policy that will be implemented regarding utility service billing refunds and back bills. Finance Safety Committee Minutes February 2. 2010 Page 2 Currently, there is no City policy or ordinance that addresses the refunding and /or back billing for utility services that have been over or under charged. This policy was developed by recommendation of the City Attorney and was based on the need for a clear, definitive, consistent process for these circumstances. The policy calls for limiting billing and /or refunding back to 36 months from the claim or discovery date, unless there was a change in ownership during that time. INFORMATION ONLY. D. Sales Tax Report Shawn Hunstock reviewed the Sales Tax receipts through November 2009. Receipts continue to be below budget estimates, and less than the same period last year. Sales receipts are down over 26% for the year from budget estimates. Inclusion of mitigation payments into the receipts brings us to over 17% under budget. Seventy-one percent of sales tax revenue is allocated to the General Fund which means we have an approximate $3.3 million deficit to make up in other the General Fund alone. INFORMATION ONLY. E. City Council Pre Retreat Budget Review The Committee reviewed the 2009 -10 Biennial Budget pages as listed below in preparation of the upcoming Council Retreat. SECTION Finance Insurance Fund Contingency Fund Contributions /Fund Balance Finance Insurance Fund Contingency Fund Contributions /Fund Balance III. MISCELLANEOUS Meeting adjourned at 6:49 p.m. Next meeting: Tuesday, February 2, 2010 5:00 p.m. Conference Room #3 Committee Chair Approval Minutes by KAM. BUDGET PAGES 64 -65 185 151 144 64 -65 185 151 144