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HomeMy WebLinkAbout2008-05-20 Finance and Safety Minutes I CitV of Tukwila Finance Safety Committee 1908 FINANCE AND SAFETY COMMITTEE Meeting Minutes May 20, 2008 5:00p.m. PRESENT Councilmembers: Dennis Robertson, Chair; Pam Linder and Kathy Hougardy Staff: Rhonda Berry, Don Lincoln, Bob Noland and Kimberly Matej Guest: Kevin Fuhrer and Chuck Parrish CALL TO ORDER: Committee Chair Robertson called the meeting to order at 5:15 p.m. 1. PRESENTATIONS No presentations. H. BUSINESS AGENDA A. An Ordinance Establishing Biennial Budgeting Both Kevin Fuhrer (former Finance Director) and Bob Noland (current Interim Finance Director) attended the meeting to discuss the City's desire to transition from a current one-year budget to a two- year budget. An ordinance establishing the biennial budget will need to be adopted by the City Council no later than June 30, 2008, in order to be effective January 1, 2009. As the Interim Finance Director, Bob expressed his confidence in moving forward with the transition to a biennial budget. He shared his experience with both annual and biennial budgeting. In addition, as a finance director, he shepherded the City of Kennewick through the transition from a one-year to two-year budgeting process. Discussions included the pros and cons of annual budgeting compared to biennial budgeting. Staff also provided information regarding the difference between two types of biennial budgeting: two one-year budgets verses one two-year budget. The current draft ordinance allows the City to proceed with biennial budgeting in either form. Staff recommends one two-year budget as it provides the greatest benefits in utilization of a biennial cycle. The Committee supports the staff recommendation. The Committee would like to recommend a discussion at the May 27 COW to entertain some changes in the overall budget review process (i.e.: removing the budget review process at the Committee level and proceeding directly to a COW, holding a special work sessions in lieu of a COW, etc.). UNANIMOUS APPROVAL. FORWARD TO MAY 27 COW FOR DISCUSSION. B. Januarv/February Sales Tax Revenue ReDort Kevin Fuhrer returned to Committee to review the January/February Sales Tax Revenue Report. Kevin reported that he was not concerned with the noted decrease in January or year-to-date receipts, particularly given the past pattern of collections. He expects regular peaks in revenue to return, but has no speculation on how such programs as the economic stimulus checks will effect overall receipts. The City is still experiencing a fair amount of building activity, 75 additional stores are expected to open at Westfield Southcenter Mall over the summer, and streamlined sales tax takes effect July 1. All traditional graphs were included in the report with the exception of the line graph, which at this early stage of the year does not reflect any comparable trends. E4FORMATON ONLY. Finance & Safety Committee Minutes Mav 20, 2008 - Paae 2 C. Proposal for Expenditures Relative to Police Department Seizure Funds At the August 20, 2007, Finance and Safety Committee meeting, police staff proposed utilizing seizure funds to make modifications to the Department's surveillance van. The Committee was in support of utilizing funds for this purpose. Since that time, staff discovered that the listed vendor was unable to provide services directly to the City. An alternate vendor was recently identified and staff is returning to Committee to provide information on the purchase delay. In addition, the cost of the purchase has increased due to the cost for technical equipment installation which was not included in the previous purchase price. INFORMATION ONLY. ill. ANNOUNCEMENTS No announcements. IV. MISCELLANEOUS Meeting adjourned at 6:05 p.m. Next meeting: Tuesday, June 3,2008 - 5:00 p.m. - Conference Room 3 Q lfJ Committee Chair Approval ~KAM.