Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Wednesday, March 16, 2022 5:30 PM Online and Via Phone Register to Attend: https://us02web.zoom.us/webinar/register/WN_q-MoRg7sSserUS2nG7-4wg 1. CALL TO ORDER Chair Parshley called the meeting to order at 5:30 p.m. 2. ROLL CALL Present: 2 - Chair Lisa Parshley and Committee member Yến Huỳnh Excused: 1 - Committee member Jim Cooper 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT Karen Messmer and Bob Jacob spoke. 5. APPROVAL OF MINUTES 5.A 22-0245 Approval of February 16, 2022 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 22-0242 Budget Snapshot: Property Tax Finance Director Aaron BeMiller gave an overview of property taxes and how the City collects and can use the funds generated. He also explained levies and levy lid lifts. The report was received. 6.B 22-0243 Olympia Metropolitan Parks District Levy Calculation Discussion Parks, Arts and Recreation Director Paul Simmons reported the Olympia Metropolitan Parks District has less banked capacity than thought due to AV and was only growing at 1% rate. City of Olympia Page 1 Finance Committee Meeting Minutes March 16, 2022 The discussion was completed. 6.C 22-0241 Economic Recovery Workforce Training Center Project Thurston County Chamber President/CEO David Schaffert and VP of Workforce and Strategic Initiatives Megan Fiess gave the presentation. They said that as a part of the Economic Recovery package approved by Council on May 4, 2021, a commitment of $1.375m for future ThurstonStrong efforts was made. The Olympia Workforce Training Center project would utilize $575,000 of that funding. The funding for this project comes from the Economic Development Reserves. Committee member Huỳnh moved, seconded by Chair Parshley, to approve a recommendation to advance the Economic Recovery Workforce Training Center project and forward to the full City Council for consideration. The motion carried by the following vote: Aye: 2 - Chair Parshley and Committee member Huỳnh Excused: 1 - Committee member Cooper 6.D 22-0244 2023 Budget Process City Manager Jay Burney discussed having a rollover budget for 2023 with no changes from the 2022 budget except uncontrollable expenses. He will come back to the Finance Committee with more information. The discussion was completed. 7. REPORTS AND UPDATES - None 8. ADJOURNMENT The meeting adjourned at 7:37 p.m. City of Olympia Page 2