2026-07-21 Finance Committee Minutes
Edmonds City Council Minutes
Finance Committee
July 21, 2026 Page 1
Edmonds City Council
Finance Committee
Meeting Minutes
July 21, 2026
COMMITTEE MEMBERS PRESENT
Michelle Dotsch, Council President (Ex
Officio)
Will Chen, Councilmember
Erika Barnett, Councilmember
OTHER ELECTED OFFICIALS PRESENT
Mike Rosen, Mayor
Chris Eck, Councilmember
STAFF PRESENT
Kisha Post, Finance Specialist
Luke Lonie, City Clerk
1. CALL TO ORDER
The Edmonds Council Finance Committee meeting was called to order virtually and
in the City Council Conference Room, 121 – 5th Avenue North, Edmonds, at 1:00 pm
by Councilmember Chen.
2. COMMITTEE BUSINESS
Councilmember Chen added a discussion of the S&P Bond Rating to the agenda by
unanimous consent of the committee.
1. S&P Bond Rating Update
Malinda Okerlund and Scott Bauer of Northwest Bond Advisers updated Council on
the current state of the City’s S&P Bond Rating.
Committee Recommendation: Informational
2. May 2026 Monthly Financial Report First Reading – Finance
Kisha Post, Finance Specialist, briefed Council on the May, 2026 financial report.
Committee Recommendation: Move to Received for Filing
3. Review of Updated Strategic Outlook First Reading – Finance
Kisha Post, Finance Specialist, presented an overview of the previously provided
strategic outlook.
Edmonds City Council Minutes
Finance Committee
July 21, 2026 Page 2
Committee Recommendation: Informational
4. Utility Tax Extension First Reading – Finance
Kisha Post, Finance Specialist, presented the first proposed temporary utility tax
extension.
Committee Recommendation: Move to Full Council Business
5. Fiscal Sustainability Task Force - Discussion on the Anatomy and Choosing of Task Force
Participants First Reading – City Council Office
Council President Dotsch outlined the proposed process for selecting the
members of the fiscal sustainability taskforce.
As Chair, Councilmember Chen extended the meeting until 2:45 pm.
Committee Recommendation: Move to Consent Agenda
ADJOURNMENT
The meeting was adjourned at 2:35 pm.
Luke Lonie, City Clerk