03/09/2010 Finance CommitteeFINANCE COMMITTEE MEETING MINUTES
March 9, 2010
6:50 PM
Present: Councilmember Bernheim
Councilmember Buckshnis
Staff: Lorenzo Hines Jr., Director, Finance and Information Services
Brian McIntosh, Director, Parks and Recreation Department
Public: Ron Wambolt
Bob Stevenson
Melissa Johnson
Roger Hertrich
Councilmember Buckshnis called the meeting to order at 6:50 PM.
A. Discussion regarding clarification of funding Cemetery operations through Funds 130
and 610
Brian McIntosh, Director, Parks and Recreation Department briefed the Committee on the
history of the cemetery's operations and funding sources and uses. Director McIntosh
indicated that current law needed to be amended to reflect the cemetery's long standing
practices; and this situation was the result of an oversight when the current law was drafted.
The Committee agreed to the change in current law. The Committee also requested that the
Cemetery Fund be renamed to the Cemetery Improvement and Maintenance Fund.
Committee members forwarded this item to the full Council for approval on the Consent
Agenda for the 03/23/2010 Agenda.
B. Fire District I sew a� tie and proposal
The Committee requested that the approximated $596,000 remaining as a result of the sale of
the fire service related assets be segregated in a separate fund. Committee members
forwarded this item to the full Council for action on the 4/06/2010 Agenda. Subsequent to
the Committee meeting Council President Bernheim placed the item on the 03/23/2010
Agenda.
C: General Fund Report for the two months ending February 28, 2010
Lorenzo Hines presented the revenue and expenditure trends of the General Fund for the
period, as well as responded to questions on same. For information only, no further action
required.
D. Edmonds Fiscal Policies
Councilmember Buckshnis presented a draft of the Edmonds fiscal policies for comment.
Committee members forwarded this item to the full Council for action on an Agenda to be
named.
Adjournment — The meeting was adjourned at 7:20 PM.