05/26/2026 Finance/Economic Development/Regional Affairs Committee

The City of Federal Way's Finance/Economic Development/Regional Affairs Committee met on May 26, 2026, to discuss several procurement and budget-related matters. Key procurement actions included the approval of a janitorial services contract awarded to SMS Cleaning for $324,000, representing a $50,000 annual savings over the previous contract. The committee also reviewed and moved forward a budget amendment ordinance incorporating various grants and revenues, including funds for the downtown civic center, farmers market operations, and parks vehicle purchases. Discussions addressed the city's revenue streams, including sales tax, utility taxes, and red light camera revenues, with concerns raised about declining red light camera income and its impact on public safety funding. The committee also reviewed accounts payable vouchers, including settlements exceeding $100,000, and received updates on financial reports highlighting revenue trends and budget controls. No specific timeline was provided for the ordinance related to arts funding (ordinance 94-217), which remains under consideration. The meeting concluded with plans for future budget discussions and ongoing financial monitoring.