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HomeMy WebLinkAbout11-18-17 MINUTESJEFFERSON COUNTY BUDGET COMMITTEE November 15, 2017 MINUTES First Floor Conference Room Members: Amanda Hamilton Anne Sears Barbara Carr Brenda Huntingford Carol Palmer Cathy Taylor Claudette Oppe David Stanko David Sullivan Erin Lundgren Janet Holbrook Jeff Chapman Jill Landes Jodi Adams Judy Shepherd Kate Dean Kathleen Kler Keith Harper Laura Lewis Lauralee Keisel Leanne Dotson Lori Bailey Lynn Sterbenz Mark McCauley Matt Tyler Michael Haas Monte Reinders Patty Charnas Philip Hunsucker Philip Morely Renee Tailey Rose Ann Carroll Ruth Gordon Sarah Martin Sophie Nordstrom Stacie Prada Su Tipton Susan Parke Tammey Newton Tanda McMillin Tracie Bick Veronica Shaw Vicki Kirkpatrick Order of Business Meeting called to order at 8:30am Judy Request for additional agenda items/approve agenda Judy Approval of the October 18, 2017 minutes Judy 1st Ruth 2nd Lauralee All Approved Reports  Expense Report Judy Reminder to departments to review their 2017 budget after inputting 2017 vouchers before submitting to Accounts Payable.  Revenue Reports Janet  General Fund at $16,695,192 – 91.5% of the 2017 annual budget which is slightly higher than previous years, but the previous years are compared to actual, not budget. The refund expenditure of $196,247 was an insurance premium refund.  Other Funds at $26,940,082 – 85.8% of 2017 budget which is slightly higher than the past two years.  General Fund Cash Balance - $6,245,727 which includes the $2.59 million budgeted and required reserve. It’s slightly lower than this time last year and is in line with our typical pattern cash flow pattern.  General Sales Tax Receipts - $350,255 which includes $82,991 for Special Purpose in September 2017. We’re on target for the year given our recently updated budget.  REET Receipts - $113,373 in September which is 15% over budget for the month and 23% over year to date. 40% of REET collected this month was in the City of Port Townsend which is a higher proportion than the usual 30%. Six sales in the county between $500,000 and $750,000 were single family residences in Port Ludlow and Port Townsend. One residence outside the Port Townsend city limits sold for $1.31 million. A Port Hadlock waterfront commercial property sold for $1.445 million.  Hotel/Motel Lodging Tax - $58,458 in October which is slightly less than this month last year and 3.5% over budget. Total revenue is 20.3% over budget for the year. 2018 Budget Update Mark  2018 Recommended Budget to Commissioners by 11/20/17.  Supplemental 4th Qtr non-departmental is an additional $58,500, due to insurance premium & claims, state examiner fee. Motion to Adjourn at 8:55 am Judy 1st Ruth 2nd Lauralee All Approved No Meeting in December. Next meeting is January 17, 2018. We will approve the calendar in the January meeting for 2018. Usually, meetings are scheduled for the third Wednesday of each month except December of each year.