HomeMy WebLinkAbout2017-04-04 Finance MinutesFINANCE COMMITTEE
Meeting Minutes
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City Council Finance Committee
April 4, 2017 - 5:30 p.m. - Hazelnut Conference Room, City Hall
Councilmembers: Verna Seal, Chair; Kathy Hougardy, Thomas McLeod
Staff: David Cline, Peggy McCarthy, Vicky Carlsen, Stephanie Brown, Erika Eddins, Cyndy
Knighton, Anthony Murrietta, Laurel Humphrey
CALL TO ORDER: Chair Seal called the meeting to order at 5:30 p.m.
I. PRESENTATIONS
II. BUSINESSAGENDA
A. Ordinance: Updating Structure of Public Safety Bond Financial Oversight Committee
Staff is seeking Council approval of an ordinance that would amend Ordinance 2509 to make
specifications about the makeup of the Public Safety Bond Financial Oversight Committee
more general. The original ordinance specified that the Committee would include five
members comprising two residents, two members of the business community, and one
member from a nonprofit located in Tukwila. The Council later adopted a Charter for the
Committee by Resolution 1892 that specified five members comprising two residents, two
members from the business community, and one "at- large" member who could be from the
residential, business or nonprofit category. The proposed ordinance specifies only "at least five
members" so that if future changes are desired by Council or necessitated by circumstance,
only the Charter will need to be amended. As requested at the last Committee meeting, staff
returned with City Attorney advice about how to better define "economic life of the Project"
with regard to the Committee's duration. Councilmembers discussed the provided options and
directed staff to amend the draft ordinance by replacing "for the economic life of the Project"
with "until all bonds related to the Project are issued, unless earlier disbanded by a majority
vote of the City Council." UNANIMOUS APPROVAL. FORWARD TO APRIL 17, 2017 REGULAR
CONSENTAGENDA.
B. Employee Compensation Policy
Staff provided the Committee with an assessment of the current employee compensation
policy as outlined in Resolution 1796. Human Resources has found it to be useful for
establishing compensation for non - represented employees and in collective bargaining as it
provides clear direction for external market analysis and provides an objective framework.
Challenges have typically been when benchmark positions are not available for comparison.
INFORMATION ONLY.
FinanceCommittee Minutes .......................................................................................................... ............................... April 4, 2017
C. 2016 4th Quarter Sales Tax and Miscellaneous Revenue Report
Staff presented the 2016 4thd Quarter Sales Tax and Miscellaneous Revenue Report, including
details on retail sales tax, gambling tax, and admissions tax revenues with sale tax broken out
by industry classifications. Total sales tax collections for the 4th quarter were $197K below
those for the same period in 2015. DISCUSSION ONLY.
D. 2017 -2017 Citywide Work Plan and First Quarter Accomplishments
Staff presented a new format for the citywide work plan and quarterly list of accomplishments.
The citywide work plan is informed by the Strategic Plan and biennial budget priorities adopted
by the Council, and the new format lists tasks, staff names, dates and a Gantt Chart for each
item. Committee members spoke in favor of the new format, particularly the user - friendly list
of accomplishments by quarter. They asked that staff provide both reports as a periodic
attachment to the City Administrator Report included in the Regular Meeting agenda packet,
but did not think an oral presentation would be necessary. Councilmembers will be able to
raise questions about items as needed. DISCUSSION ONLY.
III. MISCELLANEOUS
Adjourned at 6:19 p.m.
Ii ���Co m m i ttee Chair Approval
Minutes by LH