Budget and Finance and Economic Development (BFED) Committee

Summary

Meeting Overview

The Budget, Finance & Economic Development Committee met on June 24, 2025, at 1:00 PM, with J. Brown presiding. The meeting covered five agenda items spanning financial reporting, technology initiatives, and routine committee business. Over the course of the meeting, the committee took 5 votes and received 2 informational presentations — one on Digital Accessibility and one on Technology Ecosystem Development — in addition to a Monthly Financial Update for May 2025. No public comments were heard. The committee approved the March 18, 2025, Committee Summary and concluded by approving items under the Review of Committee Referrals.

Attendance

The following members were recorded for the Committee meeting on 2025-06-24:

Present (8): J. Brown, C. Ellinger, D. Wu, S. Lynch, H. LeGris, L. Sheehan, D. Gray, and D. Sevigny.

Absent (2): W. Baxter and J. Reynolds.

No members were recorded as late.

Votes and Decisions

The following motions were considered and voted on during the June 24, 2025 Committee meeting. All votes were taken by voice and passed unanimously.

• Approval of the March 18, 2025 Committee Summary 1:00: Motioned by D. Gray and seconded by C. Ellinger. The motion passed by voice vote.

• Change of Sponsorship for Tech Ecosystem Item 1:30:34: Motioned by D. Sevigny to change the sponsorship of the Tech Ecosystem agenda item to Council Member Savigny. The motion passed by voice vote with no second recorded.

• Removal of Item 10 — Parks Referendum Policies and Procedures from BFED 1:31:07: Motioned by W. Baxter to remove the Parks Referendum Policies and Procedures item from the BFED agenda. The motion passed by voice vote with no second recorded.

• Removal of Item 3 — Facilities and Fleet Maintenance Management Plan 1:32:16: Motioned by J. Reynolds to remove the Facilities and Fleet Maintenance Management Plan from the agenda. The motion passed by voice vote with no second recorded.

• Adjournment of the Meeting 1:32:48: Motioned by J. Brown and seconded by D. Wu. The motion passed by voice vote.

All five motions were decided by voice vote, and no roll call votes were recorded during this meeting.

Approval of March 18, 2025, Committee Summary

1:00

The committee took up the approval of the summary from its March 18, 2025 meeting. J. Brown was the key speaker during this portion of the proceedings. The committee discussed the summary and subsequently approved it.

Monthly Financial Update – May 2025

2:06

Commissioner Hensley and Director Lueker presented the monthly financial update for May 2025 to the Committee. The presentation focused on revenue and expense variances for the period.

This item was informational in nature, and no vote or formal action was taken as a result of the presentation.

*Note: Detailed figures, specific variance amounts, and any concerns or discussion points raised during this presentation are not available in the source data for this summary.*

Digital Accessibility

21:58

Troy Black presented on digital accessibility efforts currently underway in Lexington. The presentation covered two primary areas: the formation of a work group focused on digital accessibility and an upcoming digital accessibility expo.

The item was informational in nature, with no vote or formal action taken by the Committee.

Technology Ecosystem Development

1:17:38

Under Agenda Item IV, the Committee received a presentation from Techonomy on recommendations for developing Lexington's technology ecosystem, with a focus on workforce development and economic growth.

Key Speakers: - Jonathan Dwarren - Joseph Simpkins

Techonomy presented its findings and recommendations aimed at strengthening Lexington's position within the broader technology sector. The presentation centered on two primary areas: building out the local tech workforce and leveraging that development as a driver of economic growth for the community.

The item was informational in nature, meaning no formal vote or binding action was taken by the Committee as a result of the presentation. The discussion served to brief Committee members on Techonomy's analysis and proposed strategies for advancing Lexington's tech ecosystem.

*Note: Additional details regarding specific recommendations, concerns raised by Committee members, and the full scope of the discussion are not available in the provided source materials.*

Review of Committee Referrals

1:31:07

The committee took up Agenda Item V, a review of items that had been referred to the committee for consideration. J. Brown was the key speaker during this portion of the meeting.

The discussion included the removal of certain items from the agenda. No additional details regarding the specific items removed or the reasoning behind their removal are reflected in the available record.

The committee approved the review of referrals as presented.