Budget & Finance Committee

MEETING MINUTES TUMWATER BUDGET & FINANCE COMMITTEE February 27, 2026 CONVENE: 12:00 p.m. PRESENT: Mayor/Chair Leatta Dahlhoff, and Councilmembers Angela Jefferson, Eileen Swarthout and Kelly Von Holtz. Staff: City Administrator Paul Simmons, Assistant City Administrator Kelly Adams, Finance Director Troy Niemeyer, Senior Accountant Nissa Musselman, City Attorney Karen Kirkpatrick, and Paralegal Sharleen Johansen. APPROVAL OF Councilmember Swarthout moved, seconded by MINUTES: Councilmember Von Holtz, to approve the minutes of October 24, 2025 as presented. A voice vote approved the motion. MONTHLY FINANCIAL Director Niemeyer welcomed the new members to the UPDATE: Committee and gave a budget update from the last quarter of 2025. The updates included: • Sales Tax • Public Safety Sales Tax • B&O Tax • Lodging Tax - Tourism • General fund revenues & expenditures – Year to Date • Water, sewer and stormwater revenues & expenditures • Golf revenues & expenditures Director Niemeyer shared the net savings for the 2025 General Fund Budget was over $4.7 million. Additionally, Director Niemeyer discussed the current upsides and risks of the economy. TUMWATER BUDGET & FINANCE COMMITTEE – FEBRUARY 27, 2026 1 COMMITTEE MEETING The Committee confirmed they will continue to meet at noon on SCHEDULE: the last Friday of every month. ADJOURNMENT: With there being no further business, Chair Dahlhoff adjourned the meeting at 12:40 p.m. Prepared by Brittaney McClanahan, Executive Assistant TUMWATER BUDGET & FINANCE COMMITTEE – FEBRUARY 27, 2026 2