HomeMy WebLinkAbout2025-06-23 Finance and Governance MinutesCity of Tukwila
City Council Finance & Governance Committee
Meeting Minutes
June 23, 2025 - 5:30 p.m. - Hybrid Meeting; Hazelnut Conference Room & MS Teams
Councilmembers Present:
Staff Present:
I. BUSINESS AGENDA
Armen Papyan, Chair; Dennis Martinez, Verna Seal
Aaron BeMiller, Tony Cullerton, Megan Marks, Marty Wine, Laurel
Humphrey
A. Resolutions adopting City Investment & Debt Policies
Staff is seeking approval to replace the current Investment and Debt policies to better align
with industry standards, expand on roles and responsibilities, and support a broader
financial strategy including capital planning and passive revenue development.
Item(s) for follow-up:
Provide regular reporting on investment rate of return.
Committee Recommendation
Unanimous approval. Forward to July 14, 2025 Committee of the Whole.
B. May 2025 Financial Report
Staff presented the report, which has been expanded to include more information.
Item(s) for follow-up:
Provide explanation for 301% increase in miscellaneous income in Fund 411 (Golf Course).
Committee Recommendation
Discussion only.
MISCELLANEOUS
The meeting adjourned at 6:35 p.m.
Ap
Committee Chair Approval