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HomeMy WebLinkAboutReg 2020-12-07 Item 2A - Presentation - Public Safety Bond Financial Oversight Committee Report (Public Safety Plan)December 2020 On behalf of my fellow members, I am pleased to present you with the final 2020 Report of the Public Safety Bond Financial Oversight Committee. Per the Charter adopted in Resolution 1892, our role is to review the allocation of bond proceeds and progress on achieving the purposes of the Public Safety Bond and to report to the City Council semi-annually. The Committee met on November 10, 2020. Pursuant to Ordinance 2509 and Resolution 1892, during this meeting the Committee reviewed status and expenditure reports relating to the Public Safety Bond as approved by Tukwila voters at the November 8, 2016 General Election. City staff also provided an overview of the Public Safety Plan overall budget, schedule and status. The Oversight Committee has to date reviewed bond expenditures through October 31, 2020 and finds that these expenditures are in compliance with the purposes of the Public Safety Bond. The Oversight Committee completed the annual review of its Charter and have the following recommended changes to present to the City Council. The Committee recommends that the City Council amend the last sentence in Section 5 of the Public Safety Bond Financial Oversight Committee Charter as follows: The Committee shall continue in existence until the entirety of Public Safety Bond proceeds have been spent. f r the e e rk e fthe Publie Sefety Ben6L Draft minutes of the meeting are attached to this report. The Committee appreciates this opportunity and we look forward to our continued relationship with the City Council. Andy Reiswig, Chair Jovita McConnell, Vice -Chair Sean Goode Jessica Jerwa Randy Coplen Attachments: Draft November 10, 2020 Committee Minutes 2 City of Tukwila Public Safety Bond Financial Oversight Committee November 10, 2020 Virtual Meeting due to COVID-19 Emergency 4:00 p.m. MINUTES Call to Order II. Roll Call Committee members: Andy Reiswig, Chair; Jovita McConnell, Vice -Chair; Sean Goode, Jessica Jerwa, Randy Coplen Staff: David Cline, Laurel Humphrey, Vicky Carlsen, Aaron Williams, Tony Cullerton Guest: Steve Goldblatt, Public Safety Plan Program Management Quality Assurance Consultant III. Approval of Agenda The agenda was approved by unanimous consent. IV. Approval of Minutes The August 11, 2020 meeting minutes were approved by unanimous consent. V. New Business a. Public Safety Plan Project Update Staff presented an overview of the Public Safety Plan status and projects. The Justice Center and Station 51 are completed and Station 52 will open in early 2021. All projects are within approved budget. Mr. Goldblatt provided remarks from his perspective. b. Public Safety Plan Financial Overview The Committee reviewed the original and revised revenue and expenditure budgets for the Public Safety Plan. The total for actual and projected revenues is $147,948,100. The total budgeted expenditures is $122,627,140 and actual expenditures through October 31, 2020 are $101,201,589. c. Expenditure Report The Committee reviewed a list of expenditures through October 31, 2020. d. Committee Charter The Committee completed its annual Charter review. Staff proposed an amendment the last sentence of Section 5, "Committee Structure and Membership," as follows: K The Committee shall continue in existence until the entirety of Public Safety Bond proceeds have been spent. f r the ec- !W of the Publie Se", Bend, Mr. Cop ten moved to amend Section 5 of the Charter as proposed, and Mr. Goode Seconded. The motion passed unanimously. e. Report to Council The Committee reviewed a draft Report to Council and agreed that expenditures met the purposes outlined in the bond measure and that the report should reflect the Charter amendment above. Mr. Reiswig will work with staff to present the report to the City Council before the end of the year. VI. Miscellaneous The Committee will plan to meet in February of 2021. Finance staff will be prepared to discuss the schedule of remaining bond expenditures. VII. Adjournment The meeting was adjourned at 4:39 by unanimous consent. Minutes by LH SI 2