Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Wednesday, July 21, 2021 5:30 PM Online and Via Phone Attend: https://us02web.zoom.us/webinar/register/WN_vG75jHrqQfKAWb-Iu6LEyQ 1. CALL TO ORDER Chair Cooper called the meeting to order at 5:30 p.m. 2. ROLL CALL Present: 3 - Chair Jim Cooper, Committee member Lisa Parshley and Committee member Cheryl Selby 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT - None 5. APPROVAL OF MINUTES 5.A 21-0728 Approval of June 16, 2021 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 21-0713 Community Planning & Development Department Services and Associated Funding Briefing Community Planning & Development (CP&D) Director Leonard Bauer went over the CP&D organizational chart and explained that Economic Development and Housing & Homelessness are no longer in CP&D. Although they were moved to the Office of Community Vitality, CP&D does still provide administrative support for both programs. Mr. Bauer reported on the revenues and expenditures for each CP&D program, including development fees. The report was received. 6.B 21-0714 Second Quarter Budget Report Budget and Financial Analyst Joan Lutz reported that overall, revenues are at 50% of projected amounts as to be expected half way through the year. Ms. Lutz also stated City of Olympia Page 1 Finance Committee Meeting Minutes July 21, 2021 expenditures are at 46% and all departments are within the goal of 15% variance of the linear 50%. The report was received. 7. REPORTS AND UPDATES Assistant City Manager Debbie Sullivan reported the City received 23 applications for the Finance Director position and four candidates were invited to interview. 8. ADJOURNMENT The meeting adjourned at 6:38 p.m. City of Olympia Page 2