HomeMy WebLinkAbout05-02-2005
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,¡IV WASHINGTON
FINANCE COMMITTEE
MAY 2, 2005
MINUTES
I. CALL TO ORDER
Chair Nancy Backus called the meeting to order at 6:30 p.m. in the
Council Conference Room at Auburn City Hall located at 25 West Main
Street, Auburn, Washington. Committee members present were: Chair
Backus, Vice Chair Lynn Norman, and Member Roger Thordarson. Also
present were: Mayor Peter B. Lewis, Employee Relations and
Compensation Manager John Fletcher, City Attorney Daniel B. Heid,
Finance Director Shelley Coleman, and City Clerk Danielle Daskam.
II. APPROVAL OF MINUTES
A. Minutes ofthe April 18, 2005 Finance Committee meeting.
Vice Chair Norman moved and Member Thordarson seconded to
approve the April 18, 2005 Finance Committee minutes.
MOTION CARRIED. 3-0.
III. CONSENT ITEMS
A. Vouchers
1. Claims
F4,9,S
Claims check numbers 340634 through 341066 in the
amount of $1,639,872.30 and dated May 2, 2005.
2. Payroll
F4.9,2
Payroll check numbers 512028 to 512181 in the amount of
$279,743.49 and electronic deposit transmissions in the
amount of $1,002,435.05 for a grand total of $1,282,178.54
for the pay period covering April 14, 2005 to April 27, 2005.
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Finance Committee Minutes
Mav 2. 2005
Committee members reviewed the consent items and briefly
discussed claims vouchers 340645, 340647, 340752,
340771,340968,340669,340804,340841,and340829.
Vice Chair Norman moved and Member Thordarson
seconded to approve the consent items.
MOTION CARRIED UNANIMOUSLY. 3-0.
IV. ORDINANCES AND RESOLUTIONS
A. Resolution No. 3855
03.11
A Resolution of the City Council of the City of Auburn, Washington,
authorizing the Mayor and City Clerk to execute a contract with the
Auburn Food Bank
Finance Director Coleman presented Resolution No. 3855. The
Resolution authorizes a contract between the City and the Auburn
Food Bank relating to the City's Auburn Cares Program.
Vice Chair Norman moved and Member Thordarson seconded to
recommend approval of Resolution No. 3855.
MOTION CARRIED UNANIMOUSLY. 3-0.
V. DISCUSSION ITEMS
A. 2005 First Quarter Reports
Committee members reviewed the First Quarter 2005 Quarterly
Revenue and Expenditure Report and Quarterly Investment
Portfolio Summary. Finance Director Coleman reported that
revenues and expenditures are in line with budget projections. The
City has approximately $72 million in investments and the average
market yield is 2.57%. Director Coleman announced that the City
received the first quarter payment from the Muckleshoot Tribe
Compact today. Mayor Lewis noted Director Coleman's efforts in
negotiating the five-year compact with the Muckleshoot Tribe.
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Finance Committee Minutes
Mav 2. 2005
VI. ADJOURNMENT
There being no further business, the meeting adjourned at 6:51 p.m.
APPROVED THIS It <:þ. DAY OF '---?Þ1£L~1 ,2005.
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Damelle Daskam, City Clerk
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