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12/17/2019 - MinutesRole of the Finance Committee The finance committee provides oversight of city budgeting, financial planning, and financial reporting. The committee recommends long-range financial goals along with funding strategies for the operating and capital budgets. Human resource issues requiring policy direction are brought before the committee. The committee serves as the advisory forum for transportation and street maintenance funding, and funding relating to the transportation benefit district. City of Port Orchard Council Finance Committee A meeting of the Council Finance Committee was held in the Mayor Conference Meeting Room at City Hall on December 17, 2019 at 5:30 p.m. PRESENT: Council members John Clauson, Beck Ashby, Mayor Rob Putaansuu, Director of Finance Noah Crocker, Police Chief Matt Brown The meeting was audio recorded. Finance Report The Finance Director discussed the Monthly Budget Status report was previously provided to the full council and as such the finance Committee currently has all the Financial Status reports for the City. The sales tax revenue collected thru November 2019 is at 5.57% over its 2019 budget and 4.92% over the 2018 actual sales tax revenue collected. Real Estate Excise Tax collected thru October 2019 is at $916,951. This amount was adjusted from previous discussion to reflect the change to cash reporting. Which means we are reporting when the cash is received and recorded in that time period. This represents approximately 65% of the biennial budget and approximately 40% of what was budgeted for collections for 2019. The committee reviewed a fund balances and had no questions or concerns. Personnel Updates The Police Chief discussed the Ordinance on the 12.17.2019 council meeting agenda to increase the number of FTE’s for Sergeants and decrease the number of FTE’s for patrol officers. The finance committee understood the need to increase supervisor coverage and was supportive of the change. Good of the Order • Mayor discussed ideas that will be explored during the City Hall remodel project. • Finance director asked for feedback from the Monthly Budget Report The meeting adjourned at 6:00 pm.