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HomeMy WebLinkAbout2017-01-18 Finance Minutes City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes January 18, 2017-5:30 p.m. -Hazelnut Conference Room, City Hall Councilmembers: Verna Seal, Chair; Kathy Hougardy,Thomas McLeod Staff: David Cline, Peggy McCarthy, Laurel Humphrey CALL TO ORDER: Chair Seal called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESSAGENDA A. 2017 Committee Work Plan The Committee reviewed and discussed a draft work plan for the year ahead. The Compensation Policy review is expected to be time consuming and span multiple meetings. Pursuant to City of Tukwila Financial Policy GF-5, the Finance Department will be reporting monthly on departmental financial results, but existing quarterly financial reporting will continue. The Committee will be asked for input into the format of the Technology&Innovation Services Department quarterly reporting requested by Council during the budget process. Councilmember McLeod asked that the 2019-2020 Budget process discussion include evaluation of participatory and incentive budgeting philosophies. He also requested that the Committee make time to discuss financing of human services for the next biennium. The Committee recommended extending the application deadline for appointments to the Public Safety Financial Oversight Committee. Chair Seal will request Council consensus to extend it through February 28,2017. III. MISCELLANEOUS Adjourned at 6:35 p.m. �..---..._Committee Chair Approval Minutes by LH