HomeMy WebLinkAbout2012-07-17 Finance and Safety MinutesCity of Tukwila
Finance and Safety Committee
FINANCE AND SAFETY COMMITTEE Meeting Minutes
Jiihl 17, 2012 S:15h. iii. C'onfei-enee Rooni *3
PRESENT
Councilmembers: De'Sean Quinn, Chair; Dennis Robertson and Verna Seal (filling in for Bate Kiuller)
Staff: Peggy McCarthy, David Cline, Dennis McOmber, Gail Labanara and Kimberly Matzj
CALL TO ORDER: Chair Quinn called the meeting to order at 5:20 p.m.
I. PRESENTATIONS
No presentations.
II. BUSINESS AGENDA
A. Reserve Policv Revisions
This item is returning from the May 22, 2012, Finance Safety Committee meeting for continued
discussion.
Staff is seeking Committee approval of draft revisions to the Citv's Reserve Policv 300 -15. Since the last
Committee discussion, staff has, as requested by the Committee, researched and provided information
from comparable cities. Staff has found that the City is proposing a contingency fund and general fund
minimum balance that is within the parameters of surrounding communities, and in line with the
Government Finance Officers Association (GFOA) recommendation. The Committee revieNved the draft
policy in detail for additions and /or changes. Staff noted some Nvording changes Nyhich Nvill be made to the
document.
In order to ensure that policy and relative decisions are -,yell documented, and the full Council is aware
and accepting of such policies, the Committee recommends this policy be discussed and approved, as
appropriate, by the Council. This process also alloy for documented Council discussions and policy
setting. COMMITTEE APPROVAL WITH CHANGES. FORWARD TO AUGUST 13 COW FOR
DISCUSSION.
B. National Night Out Finance Safety Committee Meetinur
After a brief discussion, the Committee agreed that National Night Out may be the best opportunity to
hold a Finance Safety Committee meeting in the community due to logistics and simultaneous
organized events at locations throughout the City. However, the Committee would like to hold an off -site
meeting that takes place within the community, perhaps at the neiv Neighborhood Resource Center.
Committee Chair Quinn requested an off -site meeting take place prior to November. DISCUSSION
ONLY.
III. MISCELLANEOUS
Meeting adjourned at 6:12 p.m.
Next nieeting: Tuesday, August 7, 2012 5:15 p.m. Conference Room 43
/Zip Committee Chair Approval
Minutes by KAM.