HomeMy WebLinkAbout2016-10-18 Finance and Safety MinutesFINANCE AND SAFETY COMMITTEE
Meeting Minutes
Citv Council Finance and Safetv Committee
October 18, 2016 - 5:30 p.m. - Hazelnut Conference Room, City Hall
Councilmembers: Verna Seal, Chair; Dennis Robertson, Kate Kruller
Staff: David Cline, Peggy McCarthy, Stephanie Brown - Smith, Vicky Carlsen, Rick Mitchell,
Jake Berry, Gail Labanara, Laurel Humphrey
Guests: Susan Musselman and Duncan Brown, Public Financial Management, Inc.
CALL TO ORDER: Chair Seal called the meeting to order at 5:30 p.m.
I. PRESENTATIONS
II. BUSINESSAGENDA
A. Public Safety Bond Planning Discussion
The City's financial advisor, Susan Musselman of Public Financial Management, Inc., presented
information on key steps related to issuance of the bonds in the event the Public Safety bond
proposal is approved by voters. The information presented include expenditures, timing
considerations, key dates, and a market update. DISCUSSION ONLY.
B. Proposed 2016 -2017 Biennial Budget: Emalovee Health Care and LEOFFI
Staff presented proposed 2017 -2018 budgets for Self - Insured Healthcare Plan (fund 502) and
LEOFF I Retiree Self - Insured Healthcare Plan (fund 503). Staff projects that the 502 fund cost will
see an increase of over 8% for 2017 based on a recent actuarial report. Revenue for fund 503 is
projected to decrease 52.79% in 2017 and 0% in 2018. COMMITTEE DISCUSSION ONLY.
FORWARD TO OCTOBER 24, 2016 COMMITTEE OF THE WHOLE.
C. Proposed 2016 -2017 Biennial Budget: Police Department
Staff returned to Committee with revisions to the proposed 2016 -2017 budget for the Police
Department. The overall budget did not change since the October 4 meeting, but the revisions
include moving $85,940 from Professional Standards to contracted overtime and related
benefits, revising projected professional services and overtime, and making corrections to the
organizational chart and allocation of personnel and maintenance costs to appropriate areas.
Sections of the budget with updates will be printed on colored paper for the Council's budget
workbooks. Councilmember Kruller also requested that revised pages include a revision date at
the bottom. COMMITTEE DISCUSSION ONLY. FORWARD TO OCTOBER 24, 2016 COMMITTEE
OF THE WHOLE.
Finance and Safety Committee Minutes ........................................................ ............................... ........................October 18, 2016
D. Proposed 2016 -2017 Biennial Budget: Attachment A
Staff provided the Committee with a detailed overview of Attachment A of the Financial Planning
Model, which combines the activities of all governmental funds, except lodging tax and drug
seizure, and projects them forward six years. Committee members reviewed Attachment A line
by line and asked clarifying questions. Staff will update Attachment A with a correction to line
24 and revenues updated to accurately reflect land sales. COMMITTEE DISCUSSION ONLY.
FORWARD TO OCTOBER 24, 2016 COMMITTEE OF THE WHOLE.
E. Proposed 2017 -2018 Biennial Budget: Financial Policies
Resolution 1839, adopted September 2, 2014, establishes Financial Planning Model Polices and
other General Financial Policies. Committee members and staff discussed the policies including
several amendments proposed by Councilmember Robertson. Following discussion, the
Committee requested the following new policy:
Policy GF -5: Funds exceeding the Mayor's allocated signature authority will not be moved
between City Departments without Council approval.
Staff will prepare an amendment to Resolution 1839 for Committee of the Whole consideration.
DISCUSSION ONLY. FORWARD TO COMMITTEE OF THE WHOLE, DATE TO BE DETERMINED.
III. MISCELLANEOUS
Adjourned at 7:35 p.m.
Next meeting: Tuesday, November 8, 2016
- . Committee Chair Approval
Minutes by LH