Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Wednesday, January 16, 2019 5:30 PM Room 207 1. CALL TO ORDER Committee member (Acting Chair) Bateman called the meeting to order at 5:32 p.m. 2. ROLL CALL Present: 2 - Committee member Jessica Bateman and Committee member Lisa Parshley Excused: 1 - Chair Jim Cooper 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT Matt DeBord spoke. 5. APPROVAL OF MINUTES 19-0066 Approval of November 20, 2018 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 19-0057 Budget Snapshot - Council Financial Fiduciary Responsibilities Fiscal Service Director Nanci Lien provided a presentation on the financial responsibilities of the City Council. The presentation also outlined upcoming Budget Snapshot topics. The discussion was completed. 6.B 19-0050 Approval of the 2019 Finance Committee Work Plan Administrative Services Director Debbie Sullivan presented the 2019 Finance Committe work plan. The schedule and work plan will be forwarded to the City Council for approval. The discussion was completed. City of Olympia Page 1 Finance Committee Meeting Minutes January 16, 2019 6.C 19-0056 Discuss Recommendation for 2019 Financial Reports to Finance Committee Ms. Sullivan distributed examples of a future quarterly Budget to Actual report. Staff suggested the report be distributed to the Finance Committee on a quarterly basis. The discussion was completed. 7. REPORTS AND UPDATES Acting Chair Bateman requested an itemized list of what is being spent on Home Fund Revenues be posted to the public website. 8. ADJOURNMENT The meeting adjourned at 6:29 p.m. City of Olympia Page 2