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09/14/2010 Finance CommitteeFINANCE COMMITTEE MEETING MINUTES September 14, 2010 6:00 PM Present: Councilmember Bernheim Councilmember Plunkett Councilmember Buckshnis Councilmember Wilson Councilmember Fraley-Monillas Staff- Al Compaan, Chief of Police Lorenzo Hines Jr., Director, Finance and Information Services Debi Humann, Human Resources Director Sandy Chase, City Clerk Carl Nelson, Chief Information Officer Public: Ron Wambolt Don Hall Darrol Haug Bruce Wittenberg Roger Hertrich Councilmember Plunkett called the meeting to order at 6:00 PM. A. Edmonds Chamber of Commerce requests or funding Committee members briefly discussed the request. The committee proposed to invite the Chamber of Commerce to make a presentation to the committee regarding the funding request. B. Non -Represented Compensation Policy (NRC Councilman Plunkett clarified that the existing NRC recommendation for next year will be taken up as a salary ordinance in association with the budget. Tonight's NRC topic is in relationship to the future of ongoing NRC policies. The Committee asked Debi Humann questions to better understand the current policy. The Committee recommended that full council, with the help of a consultant, review the NRC. C. Discussion and review of debt service in Funds 125 and 126 Councilman Plunkett asked for information regarding the history and funding methodology for project debt service supported by fund 126. Mr. Hines referred the committee to the Director of Parks, who could give them the history behind the projects, and to the City attorney who could give them the legal requirements of both funds. Mr. Hines also referred the committee to the REET overview that Mr. Hines provided at the Council retreat earlier this year. The committee will keep the issue pending further discussion. RACOUNCIDFINANCE COMMITTEE\09-14-2010\9-14-10 MINUTES. DOCX Finance Committee Minutes, Page 2 D. Discussion ofMyor discretionary- pay increases° or vacant position Debi Humann discussed the history and the supporting ordinance, which gives the Mayor this discretion. The committee will keep the issue pending further discussion. E. Discussion on unexpended wades and ben° ats The committee members discussed alternatives for the deposition of unexpended wages and benefits. The committee forwarded the issue to the full Council for discussion. F. Interlocal Agreement with SERS for low cost dark° aber Carl Nelson gave an overview of this issue, explaining the background, history, and the positive impacts of this agreement. The committee forwarded the issue to the full Council consent agenda. G. Public Comments (3-minute limit per person) Comments were made by the following members of the public in addition to committee members: Don Hall Ron Wambolt Roger Hertrich Comments and questions were provided: 1) complimenting the quick length of the Finance Committee meeting; 2) tardiness of city financial statements; 3) an accounting issue pertaining to $2 million in the General Fund, raised by Councilman Plunkett at the September 7, 2010 Council meeting; 4) Mr. Hines' responses in Topic C, above; and, 5) using consulting services to revise the NRC. Adjournment - The meeting was adjourned at 7:00 PM.