Newspaper Archive of
Mercer Island Reporter
Mercer Island, Washington
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September 30, 1981     Mercer Island Reporter
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September 30, 1981
 

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il MERCER ISLAND REPORTER, Wednesday, September 30, now in 1981 Page B12 By NANCY GOULD The hands that hold the city purse strings now belong to new Finance Director Dave Osterholt and his sidekick. H.P. 3000. H.P3000 is the Hulet-Packard computer acquired by the city in the fall of 1979. Osterholt sold the city the computer's "software," or financial programs, in February this year. So in July, when former Finance Director Jack Bunnell decided to pull up stakes and sail around the world. Osterholt was a logical suc- cessor He had hand-fed and watched H P. 3000 develop from a small droid into a significant fi- nancial assistant to the city It's Osterholt's job now to keep the computer running and feed it budgets, accounting, billing and other programs It is also his charge to improve investments and manage the city's cash, func- tions beyond the scope of H.P+ 300+) "But the city's goal is to get as much on )he machine as possible and keep it running," said the 35- year-old director+ "I hope to ex- tend computer apphcation to the pohce department, too," he added. Most of the city clerk's accounts are on line. as are a portion of the maintenance department func- tions. ()sterholt said as finance direc- tor he is not responsible for finding co~t savings to the city or suggest- in~ ~ays to cut back, "because thats the city manager's job. But it )s my job to make the best in- vestments with the city's reve- nues, and by speeding up utility billLng we may get three or four more da+~s of interest on our money' Bv paying their bills expedi- tiously. Mercer Island residents can help the city treasury, he points out This week Osterbolt is beseiged by the eight city departments' 1982 budget forecasts and requests, and for the next month or so. he will struggle to formulate the pro- posed city budget. This is no small task. with dwindling revenues and a constant demand for services. He regards his financial duties as "fun problems." rather than a Dave Osterholt. the cRy's new finance director, has an eye for frugality. He dredged up this cast-off postal box from the maintenance shop and converted it into a bright red safe which looks smashing in his office. (Photo by Nancy Gould) steady stream of stable account- University of Washington in 1971 ing tasks, "'The city has so many and 1973. different funds with separate He had been comptroller for a sources of revenue, that nothing food processing company, a fish gets boring. We get revenue from packing eompany and a color such activities as business If- printing industry before starting censes, sales tax. property tax and his own business. utility charges, the nature of all Now at the helm of the city's If- being so varied." nantes. Osterholt often calls upon his right-hand helper. Della Osterholt still does financial Wyatt. who has worked in the de- consulting on outside jobs, as he is par(melt for more than 10 years. maintaining his own business Along with Wyatt and H. P. 3000, he called Computer Financial Set- will follow the yellow brick road to vices. He's a 1964 graduate of try to make ends meet. Shorecrest High School. and ob- For that. neither Osterholt or tained business de~rees from the He. 300<)have answers. gin g M(.rc('r Island elementarx s( 'h( l - (,al~l :)(, and purchase items separately. +'nillillt+'l- <,t h, mor~a(h, t,); va('h All children partieipatln~ will kil+)m(',t(,r ('OmF, h,le(l zvcelx(, a metralhot) ribbon. Spe- l'a)'c))), and )( :)('h('). :)),' ah ,:ia] r)bbons ','ill be a`,varded to the mvtle(l It, parl~c+l)at All mt)nt,~ )oI) ~ alker and to the student from raised ~ill uo h)~artl t.t|Itu|,l l))c) each classrootn wh() ~athers the L~l'all~>. and hehI trlp< ~,tlch at inost sponsors. sixth ~2rade carol) Loc.l tun(hn, ' Parents anti teachers are invit- l)r('viouslx used i(,r such items has e(l to participate. Volunteer work- been eliminated dut, l() budget er>~ are also urt~ently needed to ('ollstrallltS hell) run the metrathons at each A lunch teaturm~ a Metrah|rter seh.ul Interested persons can *~l()( do~ chil.)~, al)ple and ()I~H+~(' contact the office of any Island drink ~ill h(, .~.atlahh. tt,t~ ~l el+,mcntar! ehool Four students from M 'v() I- >(ht)ol senior class. land llllh School have hec)~ t~:~m,! "I'~) he considered for merit National Merit Seh,)lar~hu) m~ scholarshnps, semifinalists must hnalists, qualify as finalists by meeting ad- The students art, l)a~rt 1. (htional requirements, About 90 Beuthel. Richard X% Kr.on percent of the nation's 15.000 semi- t'harles A. Petcrson anti t),t~,t .! finalists are expected to advance Sta~man. it) finalist standln~. All merit Semifinalists rept'e~ett+ tilt+ tol~ scholars are chosen from the na- half of I percent of the state ~ tli~t~ tionwide ~roup of 13.500 finalists. 20 VISITS TIME ONLY The Healthy Tan System Call for appointment 232-1998 Loca Owr d T/th S.E. (Below i.ook'l I ha ) 4th III Scotland Yard has a new owner. Come to our Grand Re-Opening September 30 to October 4. Have a cup of coffee and meet the new owner. Browse through our beautiful fabrics. Enjoy our many specials. A# knits $2.00 Sld wear OFF Tropical prints OFF Selected bridal fabrics OFF Free demos and specials dally Mon.-Fri. 10-9 pm FACTORIA SQUARE SHOPPING MALL Sat 10-6 pm Sun 12-5 pm 747-7774 FOR LOWEST FARE FROM SEATTLE! *Land Imekale rellulml One way beginning Oct. 1 San Francisco -- from -- from San Oiego -- from FARES TO CALIFORNIA rlS vel Agency Factorla Square 747-6200 OPEN SATURDAYS All Jewelry REDUCED 75% Old Copper REDUCED 65% Brilliant Brassware REDUCED international At the Bean Pod, our soup doesn't come Irom a can. It comes trom a recipe. We take plump kidney beans, rich bee! stock bacon and garden 'esh vegetables. Then we simmer them slowly until we gel a thick, hearty soup So. be sure to try our Bean Soup or our special soup ol the day. Either way, you can counl on the Bean Pod !or dollclom soul:). And thor's just for openers. Factofla Square 641-8560 We Ierve san es, soup and salads 7 days a week