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02/09/2010 Finance CommitteeFINANCE COMMITTEE MEETING MINUTES February 9, 2010 6:00 PM Present: Mayor Gary Haakenson Councilmember Plunkett Councilmember Buckshnis Staff: Lorenzo Hines Jr., Director, Finance and Information Services Noel Miller, Director, Public Works Department Public: Darrol Haug Roger Hertrich Councilmember Plunkett called the meeting to order at 6:00 PM. A. Alderwood Water Supply contract final review Noel Miller, Director, Public Works Department briefed the committee on the contract. Committee members requested an additional briefing during the January 2010 Finance Committee meeting. Councilman Plunkett inquired about the difference in the wholesale and retail rates and Mr. Miller responded with an explanation of the rates and the rational for them. Recommendation: Full Council review when the contract is ready for signature. B. Wireless internet rollout in Council Chambers Lorenzo Hines, Director, Finance and Information Services in response to inquiries made by Councilmember's Bernheim and Wilson, briefed the committee on the steps necessary to provide wireless internet access to members of the Council while Council is in session. Director Hines indicated that implementation will follow the following course: physical infrastructure improvements to the Council chamber, on -going citywide information network improvement, installation of the wireless hub, and procedural and legal training for Council members regarding internet and email usage during Council meetings. Director Hines indicated that the wireless implementation will tentatively begin during mid -March 2010. For information only, no further action required. C. Funding proposal for the Building Maintenance Fund 116 Noel Miller, Director, Public Works Department requested that $300,000 of the net cash received from the Fire District 1 contract be used to address various capital projects geared to repair (structural, facade, weather proofing, HVAC) city buildings. Recommendation: Move to Council for discussion. D. Discussion and review of long-term difference between presentation in relation to the Fire District I contract in November of 2009 andfinance update ofJanuary 25, 2010 Lorenzo Hines, Director, Finance and Information Services provided the committee with an overview of the differences between the October 16, 2009 (Option 4) budget forecast and the January 25, 2010 budget forecast. Director Hines indicated that the differences February 9, 2010 Finance Committee Minutes Page 2 between the two reports lie in the fact that the revenue trends for the latest report have been reduced due to the current economic climate. Director Hines further explained that these forecasts, like all other forecasts, are a point in time estimate based on available data. Councilman Plunkett expressed disappointment that the October 16, 2009 was not more current. Director Hines indicated that the figures were the best information available at that time. For information only, no further action required. Adjournment - The meeting was adjourned at 6:47 PM.