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HomeMy WebLinkAboutPSBFOC 2020-11-10 MinutesCity of Tukwila Public Safety Bond Financial Oversight Committee November 10, 2020 Virtual Meeting due to COVID-19 Emergency 4:00 p.m. MINUTES I. Call to Order 11. 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 amendmentthe last sentence of Section 5, "Committee Structure and Membership," as follows: The Committee shall continue in existence until the entirety of Public Safety Bond proceeds have been spent. fer the e life e f the Publie of t„ 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 2