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HomeMy WebLinkAbout8/17/2017 - City Council - City Council Meeting Minutes - Tim DeteringCITY OF EAST WENATCHEE NICK A. GERDE, FINANCE DIRECTOR 271 9TE' STREI T NE • EAST WENATCNEE, WA 98802 P[ ONE (509) 886-4507 • FAX (509) 886-6109 Council Workshop Meeting Minutes Thursday, August 17, 2017, 5:30 PM Location: Council Chambers The meeting was called to order by Councilmember Tim Detering at 5:30 PM. Those in attendance included Councilmembers Chuck Johnson; Tim Detering; Jerrilea Crawford; Harry Raab; and John Sterk. City staff attending included Finance Director, Nick Gerde; City Engineer, Greg Pezoldt; Community Development Director, Lori Barnett; Municipal Court Administrator, Mary Beth Phillips; and Street Department Manager, Josh Toftness. There were no public attendees. An agenda was provided for the meeting and the topics were introduced by Finance Director Gerde as follows: 1. Review of a calendar for the 2018 Budget: A calendar was provided reflecting Council meeting dates with annual budget actions that are scheduled. The calendar was reviewed and discussed. 2. Review of classifications of expenditures and the manner in which they are determined and those responsible: Schedules were provided reflecting examples of cost areas and how they are developed. Examples of the increases in pension costs for the City and employees was provided. A communication from AWC was also provided refecting the projected increase in health insurance premiums for 2018. Discussion followed. 3. Review of sources of revenue and who has primary responsibility to originate a budget: Schedules were provided reflecting examples of City revenue sources and the City staff who were responsible for providing input for developing estimates for 2018. Examples were discussed. 4. Department Head Presentations: Finance Director Gerde noted that presentations by Department Heads will be scheduled to provide for Council understanding and an opportunity for discussions as to scope and need for budgeted costs. 5. Forecasting factors: Finance Director Gerde provided information on a preliminary structure for a financing to provide resources for the desired rebuild for 10t" Street NE. Discussion followed. Gerde also noted that the Council needed to provide their expectation on the scope of financial need and timing for completion of projects as the basis for developing a multi -year cash flow forecast. Discussion followed. The meeting was adjourned at 6:45 PM. Respectfully submitted: Nick Gerde Finance Director