File #: 20-0035    Version: 1
Type: recommendation Status: Passed
File created: 1/6/2020 In control: Finance Committee
Agenda date: 1/15/2020 Final action: 1/15/2020
Title: Approval of the 2020 Finance Committee Work Plan
Attachments: 1. Draft 2020 Finance Committee Work Plan

Title

Approval of the 2020 Finance Committee Work Plan

 

Recommended Action

Committee Recommendation:

Not referred to a committee

 

City Manager Recommendation:

Move to approve the 2020 Finance Committee Work Plan

 

Report

Issue:

Whether to approve the 2020 Finance Committee Work Plan

 

Staff Contact:

Debbie Sullivan, Administrative Services Director, 360.753.8499

 

Presenter(s):

Debbie Sullivan, Administrative Services Director

 

Background and Analysis:

Each year, all Council Committees develop a work plan. The Finance Committee typically submits a basic plan to guide the Committee’s work for the upcoming year.

 

Some highlights of the 2020 work plan include: updating the Financial Management Policy to include the Budget Stabilization Reserve Fund, discussing an update to the City’s Indirect Cost Allocation Plan, financial needs to implement the Transportation Master Plan, and a discussion to develop an Economic Development Strategy and policy considerations to support it.

 

The 2020 Finance Committee work plan allows time throughout the year to respond to emerging issues. Meetings are currently scheduled for the third Wednesday of every month starting at 5:30 pm.

 

Neighborhood/Community Interests (if known):

N/A

 

Options:

1.                     Approve the 2020 Finance Committee Work Plan

2.                     Direct staff to remove and/or add agenda items

 

Financial Impact:

N/A

 

Attachments:

Draft 2020 Finance Committee Work Plan