HomeMy WebLinkAbout05-19-2014 anroF_ =�� �• Finance Committee
,��� �j �p �(�� May 19, 2014 - 5:00 PM
' V' " 'V i�i r Annex Conference Room 1
' �wnsHiNCTON MINUTES
I. CALL TO ORDER
Chair Largo Wales called the meeting to order at 5:00 p.m. in Annex
Conference Room 1 located on fhe second floor of the City Hall Annex
locafed at 1 East Main Street in Auburn.
A. Roll Call
Chair Wales and Member Yolanda Trout were present. Vice Ghair
Holman arrived at 5:10 p.m. and after discussion of Resolution No.
5071 .
Officials and staff members present included: Mayor Nancy Backus,
Community Development and Public Works Director Kevin Snyder,
City Attorney Daniel B. Heid, Finance Accounting Manager Rhonda
Ewing, Economic Development Manager poug Lein, and City Clerk
Danielle Daskam.
B. Announcements
There was no announcement.
C. Agenda Modifications
There was no ehange to the agenda.
II. CONSENT AGENDA
A. May 5, 2014 Minutes
Member Trout moved to approve the May 5, 2014 minutes as
distributed. Chair Wales concurred.
MOTION CARRIED UNANIMOUSLY. 2-0
B. Claims Vouchers (Coleman)
Claims voucher number 428546 through 428727 in the amount of
$3,744,492.90 and 3 wire transfers in the amount of $250,413.97 and
dated May 19, 2014.
Committee members reviewed claims and payroll vouchers.
Member Trout moved to approve claims and payroll vouchers. Chair
Page 1 of 3
Wales concurred.
MOTION CARRIED UNANIMOUSLY. 2-0
C. Payroll Vouchers (Coleman)
Payroll check numbers 534680 through 534714 in the amount of
$825,469.81, electronic deposit transmissions in the amount of
$1,268,009.95 for a grand total of $2,093,479.76 for the period
covering May 1 , 2014 to May 14, 2014.
See claims vouchers above for approval of payroll vouchers.
III. RESOLUTIONS
A. Resolution No. 5072 (Lein)
A Resolution of the City Council of the City of Auburn, Washington,
approving the action of the Washington Economic Development
Finance Authority in issuing non-recourse revenue bonds to finance
an economic development facility for use by Orion Industries, and
providing for other matters properly relating thereto
Economic Development Manager Lein presented Resolution No. 5072
approving the action of the Washington State Economic Development
Finance Authority (WEDFA) in issuing $9.5 million in non-recourse
revenue bonds to Orion Industries. The proceeds of the bonds will be
loaned to Orion Industries to finance the cost of constructing,
acquiring and equipping their facility at 1590 A Street NE in Auburn.
It is a requirement of the WEDFA that the local jurisdiction in which
the facility is located approve the project and the issuance of the
bonds. There is no impact to the City or the State of Washington.
Member Trout moved to approve and forward Resolution No. 5072 to
the full Council for consideration. Chair Wales concurred.
MOTION CARRIED UNANIMOUSLY. 2-0
IV. DISCUSSION ITEMS
A. Resolution No. 5071 (Coleman)
A Resolution of the City Council of the City of Aubum, Washington,
authorizing the Mayor and City Clerk to execute second amendment
to agreement between the City of Auburn and Redflex Traffic
Systems, Inc.
Ciry Attorney Heid presented Resolution No. 5071 . Resolution No.
5071 will authorize the extension of the current contract with Redflex
Traffic Systems up to November 30, 2014. City Attorney Heid
reported the City recently issued a Request for Proposals for photo
enforcement, and three responses were reeeived. The City is
currently negotiafing a contract with the selected photo enforcement
Page 2 of 3
contractor. An additional extension of the current contract with
Redflex will ensure there is no gap in service.
Resolution No. 5071 was reviewed and recommended for approval by
the Municipal Services Committee.
B. Quarter 1 - 2014 Financial Report (Coleman)
Finance Accounting Manager Ewing reviewed the first quarter
financ.ial report. Manager Ewing noted the General Fund revenues
4otaled $11 .4 million and exceeded year-to-date budget of $9.9 million
due primarily to increased revenues from sales tax, property tax and
building permit revenues. General Fund expenditures totaled $12.8
million and compares to $12.5 million for the same period, last year.
Also of note is the accounting change whereas the Golf Course is now
reported under the General Fund and payments to SCORE have
decreased by $675,000.00.
At the end of the first quarter, the Water Fund's net operating income
increased to $148,000.00 compared to $8,000.00 the previous year;
the Sewer Fund ended wifh $58,000.00 operating loss compared to a
loss of $305,000.00 last year; the Sewer-Metro Utility ended with an
operating loss of $58,000.00 compared to a loss of $180,000 the
previous year; and 4he Stormwater Utility ended the quarter with an
operating income of $370,000.00 compared to an operating income of
$330,000.00 the previous year. The Cemetery ended the first quarter
of 2014 with net operating income of $42,000.00 compared to an
operating income of $31 ,000.00 the previous year.
V. ADJOURNMENT
There being no further business to come before the Committee, the
meeting adjourned at 5:18 p.m,
APPROVED this oZ'�day of , 2014.
,i
1
GO A , CHAIR Danielle Daskam, City Clerk
Page 3 of 3