Finance Committee

City Hall Meeting Minutes 601 4th Avenue E Olympia, WA 98501 Finance Committee Information: 360.753.8244 Thursday, August 18, 2022 5:30 PM Room 207, Online and Via Phone Special Meeting Rescheduled from 8/17/22 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: 3 - Chair Lisa Parshley, Committee member Jim Cooper and Committee member Yến Huỳnh 3. APPROVAL OF AGENDA The agenda was approved. 4. PUBLIC COMMENT Robert Marino, Larry Dzieza and Thad Curtz spoke. 5. APPROVAL OF MINUTES 5.A 22-0777 Approval of July 20, 2022 Finance Committee Meeting Minutes The minutes were approved. 6. COMMITTEE BUSINESS 6.A 22-0766 Snapshot: Biennial Budgeting Finance Director Aaron BeMiller gave the report. He explained pros and cons of a biennial budget process versus the annual budget process the City currently uses. The report was received. 6.C 22-0761 Sustainable Climate Funding Climate Program Manager Dr. Pamela Braff discussed funding needs for the City's Climate Program. Dr. Braff went on to offer funding mechanism ideas and how the City could use those funds to further climate goals. City of Olympia Page 1 Finance Committee Meeting Minutes August 18, 2022 The discussion was completed. 6.D 22-0765 Accounting Manager Joan Lutz reviewed information on the Capital Facilities Plan presented at the last Council meeting. The information was provided. 6.E 22-0767 Workers Compensation Discussion Finance Director Aaron BeMiller and City Manager Jay Burney gave an estimate of the cost to change from self-insured to the L&I workers comp program. They explained the rates to join L&I will be impossible to calculate accurately with the question of a Regional Fire Authority forming. Their recommendation to the Committee was to wait to see if Council makes a decision on a Regional Fire Authority and if a vote is held, results will inform any recommendations to Council. The discussion was completed. 7. REPORTS AND UPDATES Finance Director Aaron BeMiller reported the latest audit exit conference was great. There were no findings. 8. ADJOURNMENT The meeting adjourned at 7:56 p.m. City of Olympia Page 2