HomeMy WebLinkAbout2019-05-13 Finance MinutesCity of Tukwila
City Council Finance Committee
FINANCE COMMITTEE
Meeting Minutes
May 13, 2019 - 5:30 p.m. - Hazelnut Conference Room, City Hall
Councilmembers: Thomas McLeod, Chair; Verna Seal, De'Sean Quinn
Staff: David Cline, Vicky Carlsen, Jeff Friend, Bruce Linton, Jay Wittwer, Laurel
Humphrey
CALL TO ORDER: Chair McLeod called the meeting to order at 5:30 p.m.
I. PRESENTATIONS
II. BUSINESS AGENDA
A. Resolution: Appointing the Finance Director as Designated Official for Bond Expenditures
Staff is seeking Council approval of an ordinance that will appoint the Finance Director to
designate certain expenditures for reimbursement from bond proceeds. This step currently
requires a reimbursement resolution to be adopted by Council, so this will streamline the
process by designating the Director to be responsible for issuing a statement of official intent to
reimburse qualifying expenditures with issuance of debt. The City Council will still retain its
authority to approve the capital project and to issue debt to fund the project. The Committee
requested that the memo include additional language to clarify this point. UNANIMOUS
APPROVAL. FORWARD TO MAY 20, 2019 REGULAR CONSENT AGENDA.
B. March 2019 Departmental Budget-to-Actuals Report
Staff presented the Committee with the March 2019 Financial Report, which describes the
general state of departmental expenditures and highlights significant trends. General Fund
expenditures totaled $16.4 million as compared to the allocated budget of $17.9 million. The
allocated budget reflects year-to-date spending patterns of the previous year. 11 of 14 General
Fund departments were under their allocated budget. Fire, Street Maintenance & Operations,
and Community Development have overages due to pipeline positions and overtime costs,
February snow events, and structural code compliance review respectively. Councilmember
Quinn asked that the memo be updated to reflect the actual cost associated with the four
unbudgeted pipeline positions. The Committee will be presented with a more in-depth review
of the Fire Department budget at its next meeting. DISCUSSION ONLY.
Finance Committee Minutes May13, 2019
III. MISCELLANEOUS
Committee members and staff reviewed the 2019 Finance Committee work plan. SCORE Jail is also
being discussed in the Public Safety Committee, and staff suggested scheduling an update before
the full Council. Staff asked if the Committee was interested in an update on liability insurance and
the Committee agreed. Councilmember Quinn requested an update on streamlined sales tax now
that the legislative session is complete. The work plan will be updated to include these items.
Adjourned at 5:54 p.m.
Committee Chair Approval
Minutes by LH