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Home My WebLink About2018-02-21 Finance Minutes City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes &?<LO;LS Ǵǳț ǴǲǳǺ ǷȜǵǲ JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF Councilmembers: , Chair; Dennis Robertson, Kate Kruller Staff: David Cline, Rick Mitchell, Mia Navarro, Derek Speck, Rachel Bianchi, Peggy McCarthy, Henry Hash, Vicky Carlsen, Sherry Wright, Jay Wittwer, Laurel Humphrey CALL TO ORDER: Committee Chair Quinn called the meeting to order at 5:30 p.m. I.PRESENTATIONS II.BUSINESS AGENDA Priority-Based Budgeting Update A. Staff updated the Committee on the progress of the Priority-Based Budgeting project. Departments have completed the identification of programs and are currently allocating 2017 and 2018 budgets to programs. The next step will be drafting attributes to score programs with goals, staff proposes to take the strategic plan back to the community to make sure it still reflects current priorities. Staff developed an outreach plan that includes a community workshop, a video, a multi-lingual survey, staff presentations, a road show to community groups, print and web promotion, and business outreach. Staff is seeking Committee feedback on the proposal as well as how best to involve the City Council in the process. Councilmember Robertson requested to review the early draft of the program allocations. Councilmember Kruller asked how the outreach approach differs from past budgets, and staff replied that the road show will be expanded, materials will be provided in more languages, and the message will be simple and understandable. Chair Quinn stressed the importance of explaining what cities are required to fund, and that he would like to see creative approaches to meet people where they are. He also requested that Council President Seal be given the opportunity to weigh in on her role during the outreach process. UNANIMOUS APPROVAL. FORWARD TO FEBRUARY 26, 2018 COMMITTEE OF THE WHOLE. Financial Definitions B. Staff presented a list of common financial terms and definitions along with the 2017-2018 Budget Glossary in response to the January 17, 2018 Committee request. The Committee was asked for other terms they would like to see included and the following were requested: Original Budget (to show difference between Annual or Amended Budget), Within Budget, One-Time Expenditures, Bow Wave, and a chart describing the different types of Funds. DISCUSSION ONLY. &CH;H=?#IGGCNN?? -CHON?MȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚ&?<LO;LS Ǵǳț ǴǲǳǺ Public Safety Plan Financing C. Committee members and staff continued the discussion on financing the Public Safety Plan budget gap. Using feedback from the February 6, 2018 meeting, staff began building an iterative financial planning matrix that will evolve to show financial implications of potential policy decisions. There are currently two versions, one showing 20-year councilmanic bonds and one showing 30-year, both including the full cost of debt service and annual payment. Land sales, one-time funds and ongoing REET 1 are also reflected. Staff provided a review of new revenue options available to the Council, including levy lid lift, voter-approved bond, B&O tax, Transportation Benefit District (voter-approved and councilmanic), Local Improvement District, reexamination of existing taxes/fees, Utility Tax, and Utility Franchise Fee. Councilmember Robertson asked that Line 8 of the new revenue table show which fees and taxes Tukwila currently collects. Staff asked the Committee which of these options should be investigated further for inclusion in the planning matrix. The Committee made it clear they were not interested in a levy lid lift or additional bond measure. The following items were requested: Possibility of structuring a B&O tax because businesses are a large consumer of public- safety related services and such a tax could provide more parity with the residential population; any such tax would be levied only on larger businesses Local Improvement District Staff then reviewed the follow ups to requests made at the last meeting as shown underlined in the packet. Committee members and staff next reviewed the financial planning matrices described above. Councilmember Robertson asked for a list of City-owned properties. Staff will add to the financial planning matrix discussion, and the next meeting will include discussion on potential changes to operations and capital project prioritization. RETURN TO COMMITTEE. Potential Sale of City Properties D. Staff is seeking Council approval of a process to sell three parcels of City-owned land at 3747 South 146 Street (formerly Travelers Choice Motel), 12026 42 Avenue South (formerly thnd Allentown fire station), and the Longacres Parcel (north of Longacres Way). If the Council approves of the process, staff will solicit proposals and negotiate terms, then return to the Council to execute purchase and sale agreements. Councilmembers Quinn and Robertson were supportive of the plan to sell all three properties for reasons outlined in the memo. Councilmember Kruller supports the sale of the Allentown and Longacres property, but not the former Travelers Choice property on the grounds that the value could grow significantly. Several City officials will be attending a regional economic forecast conference that may provide information on this. DIVIDED RECOMMENDATION. FORWARD TO FEBRUARY 26, 2018 COMMITTEE OF THE WHOLE. &CH;H=?#IGGCNN?? -CHON?MȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚ&?<LO;LS Ǵǳț ǴǲǳǺ III.MISCELLANEOUS Adjourned at 7:30 p.m. Committee Chair Approval -CHON?M <S ,(ț 2?PC?Q?> <S 2"ț 6#