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HomeMy WebLinkAbout2019-09-09 Finance MinutesCity of Tukwila City Council Finance Committee FINANCE COMMITTEE Meeting Minutes September 9, 2019 - 5:30 p.m. - Hazelnut Conference Room, City Hall Councilmembers: Thomas McLeod, Chair; Verna Seal, De'Sean Quinn Staff: David Cline, Vicky Carlsen, Jay Wittwer, Bruce Linton, Tony Cullerton, Jeff Friend, Laurel Humphrey, Jeremy Brecher-Haimson, Lilly Ferraz, Ben Hayman, Aaron Williams, James Booth, Dawn Judkins CALL TO ORDER: Chair McLeod called the meeting to order at 5:30 p.m. I. PRESENTATIONS II. BUSINESS AGENDA A. 2019 2nd Quarter Sales Tax & Miscellaneous Revenue Report Staff presented the 2019 2nd Quarter Sales Tax and Miscellaneous Revenue Report, including details on retail sales tax, gambling tax, and admissions tax revenues with sales tax broken out by industry classifications. Through the second quarter sales tax is up $51,663 compared to the same period last year. Sales tax from Construction, Transport/Warehousing, Automotive, Services, and Miscellaneous are up while Wholesale Trade and Retail Trade are down. Committee discussion focused on being proactive and identifying trends in order to stay ahead of the curve. The Committee would also like to revisit the bowling alley admissions tax exemption when time allows. DISCUSSION ONLY. B. July 2019 Departmental Budget-to-Actuals Report Staff presented the Committee with the July 2019 Financial Report, which describes the general state of departmental expenditures and highlights significant trends. General Fund expenditures totaled $38.1M as compared to the allocated budget of $38.2 million. The allocated budget reflects year-to-date spending patterns of the previous year. Significant unbudgeted events include code violations from a local production plant, the Andover Park East propane leak, the East Marginal Way power pole accident on April 5 and the February snowstorms. Councilmember Quinn said he is interested in more detail on the Fire Department's costs associated with the snowstorm and it would be helpful to differentiate revenue backed overages from those to be reimbursed. Staff is working on a 10-year sustainability plan which will help Council to better forecast trends and future costs. DISCUSSION ONLY. C. Priority Based Budgeting Update Staff provided an update on activities and timeline associated with Priority Based Budgeting Phase II: Performance Measures. Phase I was completed in 2018 and involved departments defining and ranking programs in alignment with the City's strategic goals. The next phase is to integrate performance measures to track the quality and/or quantity of services. This will involve Finance Committee Minutes September 9, 2019 staff identification, leadership review, cross -department review, and community and Council review, and the Finance and Public Works Departments are piloting the process. Councilmember Quinn suggested includingthe Finance Committee Chair whenever possible. DISCUSSION ONLY. III. MISCELLANEOUS Adjourned at 6:13 p.m. Committee Chair Approval mutes by LH