HomeMy WebLinkAbout4-19-17 Meeting MinutesJEFFERSON COUNTY BUDGET COMMITTEE MINUTES
April 19, 2017
MINUTES
First Floor Conference Room
Members:
Anne Sears
Barbara Carr
Brenda Huntingford
Carol Palmer
Cathy Taylor
David Stanko
David Sullivan
Erin Lundgren
Janet Holbrook
Jeff Chapman
Jill Landes
Jodi Adams
Joe Nole
Judy Shepherd
Kate Dean
Kathleen Kler
Keith Harper
Laura Lewis
Lauralee Kiesel
Leanne Dotson
Lori Bailey
Lynn Sterbenz
Matt Tyler
Michael Haas
Monte Reinders
Patty Charnas
Philip Hunsucker
Philip Morley
Renee Talley
Rose Ann Carroll
Ruth Gordon
Sarah Martin
Sophie Nordstrom
Stacie Prada
Su Tipton
Susan Parke
Susan Zoya
Tammey Newton
Tracie Bick
Veronica Shaw
Vicki Kirkpatrick
Order of Business
Call meeting to order at 8:30am Rose Ann
Request for additional agenda items/approve agenda Rose Ann
Call for approval of the March 15, 2017 minutes Rose Ann
1st Stacie Prada
2nd Philip Morley
All Approved
Reports
Expense Report Rose Ann
YTD Expenditures should be at 16.67%.
General Fund At this point in 2015 expenses were at 17.45% with 2016 at 18.25%.
2017 is at 18.71%.
Other Funds At this point in 2015 expenses were at 11.08% with 2016 at
12.23%. 2017 is at 13.72%.
Revenue Reports Stacie
General Fund at $3,000,310 – 16.6% of the 2017 annual budget which is in line with
previous years. Investments are higher due to an investment that matured in March.
We’ve also worked on leveling out investments so that maturity dates are more evenly
staggered over the five-year allowable investment timeframe.
Other Funds at $7,372,093 – 23.5% of 2017 budget which is slightly higher than the
past two years, but given the $500,000 cost/renovation transfer was made for the
year already, it bumps up the year to date percentage a bit.
General Fund Cash Balance - $3,759,875 which includes the $2.46 million budgeted
and required reserve. This is in line with our typical pattern over the last nine years.
General Sales Tax Receipts - $250,759 which includes $61,183 for Special Purpose
in March 2017 which for the year is 6.77% higher for sales tax and 6.28% over for
Special Purpose. Cumulatively, sales tax revenues were only 1% over projection for
the month and 6.7% over projections for year to date.
REET Receipts - $91,388 in March and 1% over budget for the month. Six single
family residences sold for more than $500,000 and ranged from $518,500 to
$740,000. They were located in Port Ludlow, Port Hadlock, Kala Point, Brinnon,
Chimacum and the Thorndyke side of Port Ludlow.
One notable sale in the City where REET revenue goes to the City and not the county
was a Clinic building adjacent to the hospital for $2.68 million. Roughly, 30% of
REET collected this month was in the City of Port Townsend.
Hotel/Motel Lodging Tax - $16,889 in March, which is 16% over this month last year
and 10% over budget. It’s following the seasonal fluctuations we’ve seen over the last
nine years.
Reserved Funds Philip/Anne
The current resolution regarding the recommended Fund Balances was reviewed.
Discussion followed regarding recommended reserves.
Motion to Adjourn at 9:37 am Rose Ann
1st Ruth Gordon
2nd Jodi Adams
All In Favor
Next meetings are May 17, June 21, and July 19, 2017.
Meetings are scheduled for the third Wednesday of each month except December of each year.