Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Wednesday, August 21, 2019 5:30 PM Room 207 1. CALL TO ORDER Chair Cooper called the meeting to order at 5:33 p.m. 2. ROLL CALL Present: 3 - Chair Jim Cooper, Committee member Jessica Bateman and Committee member Lisa Parshley 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT Tom Crawford spoke. 5. APPROVAL OF MINUTES 5.A 19-0758 Approval of July 17, 2019 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 19-0747 Review of Scope of Work Related to Economic Ecosystem Study Administrative Services Director Debbie Sullivan presented the scope of work, schedule and budget for an Economic Ecosystem Study to be conducted by Harvey M. Rose Associates. The study would be funded through the Council’s Policy Analyst budget. Councilmember Bateman moved, seconded by Councilmember Parshley, to forward the proposal as presented to City Council for approval. The motion carried by the following vote: Aye: 3 - Chair Cooper, Committee member Bateman and Committee member Parshley 6.B 19-0586 Regional Climate Mitigation Plan Update Public Works Director Rich Hoey and Interim Planning and Engineering Supervisor City of Olympia Page 1 Finance Committee Meeting Minutes August 21, 2019 Susan Clark presented an update on the development of the Regional Climate Mitigation Plan. Staff also discussed “early action strategies” identified by a City cross-departmental internal workgroup that can be implemented within existing resources between now and the end of 2020. The information was received. 6.C 19-0746 Discussion of the Preliminary Capital Facilities Plan and 2020-2025 Financial Plan Ms. Sullivan presented the Capital Facilities revenue and expenditures for the 2020 Capital Budget and 6-year financial plan. Mr. Hoey presented the impacts to the Transportation Pavement Preservation Program if the City loses Transportation Benefit District funding. Parks Planning and Maintenance Director Jonathon Turlove presented revenue and expenditures to acquire, operate and maintain parks. Ms. Sullivan presented information on cable TV Tax revenue and the impact of declining revenues. Olympia School District Assistant Superintendent Jennifer Priddy discussed reducing impact fee discounts in the Downtown with a potential start date in 2020. The discussion was completed. 6.D 19-0744 Briefing on Second Quarter Budget Report Fiscal Services Budget Analyst Joan Lutz presented the second quarter budget report. The information was provided. 7. REPORTS AND UPDATES Ms. Sullivan provided a status report of the Engage Olympia and 2020 Budget Priorities project. 8. ADJOURNMENT The meeting adjourned at 7:48 p.m. City of Olympia Page 2