Finance Committee

Agenda — 7 items

1. 1 Police Department requests ratification of a Memorandum of Understanding (MOU) with the Renton Police Guild that summarizes proposed increases to incentives for lateral Police Officer recruitment, and authorization to increase incentives per the MOU. The proposal increases the current employee referral bonus from $5,000 to $15,000 and the lateral hire bonus from $20,000 to $40,000. Lateral officers must meet specific thresholds to earn the full bonus amounts. Refer to Finance Committee
2. 2 Public Works Department – Facilities Division recommends execution of Change Order No. 11 to CAG-25-016, Renton Market Project, contractor Schuchart Corporation, in the amount of $669,830.64 for omitted Washington State Sales Tax. Refer to Finance Committee
3. 3 Public Works Department – Facilities Division recommends execution of Addendum 1-26, to lease LAG-24-003, lessee Brinton Business Ventures, Inc. dba Evergreen Refreshments which extends the lease through July 31, 2027 and increases the total monthly rent to $65.96 including leasehold excise tax for unstaffed concession services for Police Department personnel located on the first floor of City Hall. Refer to Finance Committee
4. 4 Finance Department requests execution of the 2025 Audit Engagement Letter with the Office of Washington State Auditor, in the amount of $122,000, for annual audits for fiscal year 2025. Refer to Finance Committee
5. 5 Finance Department recommends adoption of the 2nd Quarter Budget adjustment ordinance. The proposed revenue budget adjustment totals $7.1 million, with an expenditure budget adjustment of $10.4 million. Refer to Finance Committee
6. 6 AP Check Register 06.30.2026
7. 7 If you would like to attend this week's meeting remotely, you can do so by going to https://us02web.zoom.us/j/87987691701?pwd=dWVKbmV4KzBTVWF3MW9qSmxPbmpGUT09