Finance, Economic Development & Regional Affairs Committee (FEDRAC)
FEDRAC MEMBERSHIP
- Chair, Hoang Tran
- Member, Jack Dovey
- Member, Paul McDaniel
COMMITTEE RESPONSIBILITIES
The Finance, Economic Development, and Regional Affairs Committee (FEDRAC) is comprised of three councilmembers tasked with policy-level review prior to full council action. The committee reviews issues, policies and agenda items requiring council approval related to the city's budget, fiscal affairs, financial operations, economic development activities, legislative and regional relations.
Examples of recurring topics are:
- Financial policies and activity reports
- Treasury policies and activity reports
- County, state, and federal legislative issues
- Franchise agreements
- Equipment purchases
- Redevelopment efforts
- Economic development strategies
STAFF RESPONSIBILTIES
The Finance Director and staff support the FEDRAC committee by:
- Fielding agenda requests and preparing agenda packets
- Preparing monthly financial reports
- Recommending policy updates and revisions
- Researching committee inquires and questions pertaining to City Finance processes, procedures, policies, and reports
MEETING
Fourth Tuesday of each month
5:00 pm
City Council Chamber
33325 8th Ave South, 2nd Floor
Federal Way, WA 98003
MATERIAL
For a complete list of current and past meeting materials, please see our meeting library.
FINANCE STAFF SUPPORT