01/11/2011 Finance Committee MinutesFINANCE COMMITTEE MEETING MINUTES
January 11, 2011
6:00 PM
Present: Councilmember Petso
Councilmember Bernheim
Staff: Lorenzo Hines Jr., Director, Finance and Information Services
Carl Nelson, Chief Information Officer
Public: Joan Bloom Ron Wambolt
Bruno Ouattara Roger Hertrich
Councilmember Petso called the meeting to order at 6:00 PM.
A. Selection of Committee Chair
Councilmember Bernheim nominated Councilmember Petso for Committee Chair. Ms.
Petso accepted.
B. Ordinance amending the provisions ofEdmonds Citv Code Section 2.05.010. Legal
Counsel, Professional Services Contract
Councilmember Bernheim presented his proposed revisions and updates to ECC
2.05.010. He answered questions from Councilmember Petso on the matter as well. Ms.
Petso asked Mr. Hines for his opinion as to whether the proposed changes would present
any audit issues. Mr. Hines indicated that the auditors judge our actions as they relate to
adherence with current law, therefore the committee should consult the current City
Attorney about the modifications. The committee voted to forward this item to full
Council for discussion and adoption.
C. First Quarterly report per Resolution 1234 — Fiber Optic Opportunities
Mr. Nelson presented the report to the committee. For information only, no further
action required.
D. General Fund update for December 2010
Mr. Hines, presented revenue and expenditure trends for the General Fund and current
forecasts for the City's major revenue sources. For information only, no further action
required.
E. Public Comments (3-minute limit per person)
• Joan Bloom asked how the issue regarding the code amendment for the attorney
selection process was discovered. Councilmember Bernheim replied that someone
had brought it to his attention, but he could not recall who it was.
• Roger Hertrich asked if it was legal for the City to sell excess fiber capacity. It was
noted that the question was presently before the Court of Appeal for determination.
Adjournment - The meeting adjourned at approximately 6:50 PM.