Loading...
HomeMy WebLinkAbout10-31-18 Budget Meeeting MinutesJEFFERSON COUNTY BUDGET COMMITTEE October 31, 2018 Minutes Members: Amanda Hamilton Anne Sears Barbara Carr Brenda Huntingford Carol Palmer Cathy Taylor David Stanko David Sullivan Erin Lundgren Janet Holbrook Jeff Chapman Jill Landes Jodi Adams Judy Shepherd Kate Dean Kathleen Kler Keith Harper Lauralee Keisel Leanne Dotson Lori Bailey Lysa Phillis Mark McCauley Matt Tyler Michael Haas Monte Reinders Patty Charnas Philip Hunsucker Philip Morley Renee Talley Rose Ann Carroll Ruth Gordon Sophie Nordstrom Stacie Prada Su Tipton Susan Parke Tammey Newton Tanda McMillin Tracie Bick Veronica Shaw Vicki Kirkpatrick Willie Bence Order of Business Meeting called to order at 8:30 a.m. Mark Request for additional agenda items/approve agenda Mark Call for approval of the Sept 26 , 2018 Minutes Mark 1st Rose Ann / 2nd Kathleen / All Approved Reports Expense Report Rose Ann Revenue Reports Rose Ann • General Fund at $14,601,908 – 73.2% of the 2018 annual budget which is higher than this time for previous years. PILT accounts for most of it, and a budget amendment shows the amount increased to reflect the $1.8 million received. Prosecuting Attorney negative amount was due to a $19k deposit to Prosecuting Attorney that they corrected to go to Crime Victims Fund 120. PILT, Elections, and Sheriff revenue budget amendments are reflected in the 2018 Budget amount. • Other Funds at $20,700,968 – 73% of 2018 budget which is slightly higher than the last few years. Fund numbers in the second column with asterisks next to them note that the 2018 Budget amount has been modified in a quarterly appropriation. There were a couple of items where the amounts were put in the wrong fund. The correct amounts received for Auditor O&M (105), Hotel-Motel (125) and Jeff Com Bond (119) are reflected in this report. Corrections were made in October and totals will match monthly reports in October reports to those managing those funds • General Fund Cash Balance - $4,511,047 at the end of September which includes the $2.672 million budgeted and required reserve. It’s down 4.5% from this time last year but still following our trend line. The 10% reserve amount went up $17,000 to reflect 3rd quarter appropriations for the general fund in the amount of $176,568. • General Sales Tax Receipts - $404,786 which includes $97,036 for Special Purpose in September 2018. Sales tax is 3.8% over budget for the year so far, and Special Purpose is 4.06% over. Cumulatively they’re 14% over for the month and 3.9% over budget for the year. • REET Receipts - $117,652 in September which is down 35% from this month last year and 10.7% under budget for the month. For the year it’s 21% over budget. We had one sale over $1 million at $1.2 Million for waterfront home in Port Ludlow. We had fourteen sales over half a million – eight were in Port Ludlow, three in unincorporated Port Townsend, and one each in Forks, Nordland and Quilcene. • Hotel/Motel Lodging Tax - $68,870 in September which is about the same as this month last year. It’s 17% over budget for the month and 10.3% over budget year to date. 2019 Budget Mark Request for Budget Adjustments due Nov 1. 4th Qtr Supplemental requests due Nov 19. Preliminary Budget available Nov 19. Philip & Mark have met with all departments. Philip - $1.4 million of enhancement requests. $600,000 ongoing and $800,000 one time. Adjourned at 8:50 a.m. Mark 1st Ruth / 2nd Rose Ann / All approved. 2018 Upcoming monthly budget meeting Nov 28.