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HomeMy WebLinkAbout2018-11-20 Finance Minutes City of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes .IP?G<?L ǴDzț ǴDzdzǺ ǷȜǵDz JȚGȚ (;T?FHON #IH@?L?H=? 2IIGț #CNS (;FF Councilmembers: Verna Seal, Acting Chair; Dennis Robertson, Kate Kruller Staff: David Cline, Peggy McCarthy, Vicky Carlsen, Richard Takechi, Bruce Linton, Chris Flores, Gail Labanara, Jeff Friend, Erika Eddins, Laurel Humphrey CALL TO ORDER: Acting Chair Seal called the meeting to order at 5:30 p.m. I. PRESENTATIONS II.BUSINESS AGENDA rd A. 2018 3 Quarter Financial Report the general state of financial affairs and highlights significant items and trends. The General Fund is on track to end the year with revenues covering expenditures and no draw down of fund balance. Revenue of $44.3 million was $162K less than budget but exceeded the same period in the prior year by almost $2 million. Actual departmental expenditures came in $1.3 million less than budget. Councilmembers asked clarifying questions about the report. Councilmember Seal reflected in a budget amendment for 2018 or 2019. Staff replied that it would be an amendment to the proposed 2019-2020 budget. When the Council makes final decisions on the proposed budget the amendments will be incorporated into the published budget. FORWARD TO NOVEMBER 26, 2018 COMMITTEE OF THE WHOLE. B. Contract: Health Care Broker Services Staff is seeking Council approval of a contract with R.L. Evans in the amount of $52,750 for healthcare brokerage services for active employee and LEOFF 1 retiree plans in 2019. R.L. Evans -funded health insurance program in 1990 and helps the City to manage costs and negotiate prices. Staff continues to be satisfied with the value and the quality of service provided by R.L. Evans and would like to renew the service through 2019. UNANIMOUS APPROVAL. FORWARD TO DECEMBER 3, 2018 REGULAR CONSENT AGENDA. &CH;H=?#IGGCNN?? -CHON?MȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚȚ.IP?G<?L ǴDzțǴDzdzǺ C. Ordinance: 2018 Budget Amendment Staff is seeking Council approval of an ordinance to amend the 2017-2018 Biennial Budget. Staff provided an overview of the changes, categorized as existing service levels, revenue backed, carryovers, initiatives, and Public Safety Plan. These types of budget amendments are not legally required but staff policy is to implement them for greater transparency and record-keeping. UNANIMOUS APPROVAL. FORWARD TO NOVEMBER 26, 2018 COMMITTEE OF THE WHOLE. D. Ordinance: Storm and Surface Water Billing Staff is seeking Council approval of an ordinance that would amend Tukwila Municipal Code Chapter 14.32, Storm and Surface Water Rates and Charges, for changes in billing and collection processes resulting from the transition to King County effective January 1, 2019. The City Council authorized the interagency agreement with King County on September 17, 2018. UNANIMOUS APPROVAL. FORWARD TO DECEMBER 3, 2018 REGULAR CONSENT AGENDA. III. MISCELLANEOUS Adjourned at 6:22 p.m. Committee Chair Approval -CHON?M <S ,(