HomeMy WebLinkAbout11-30-18 Budget Meeeting MinutesJEFFERSON COUNTY BUDGET COMMITTEE
November 30, 2018
Minutes
Members:
Art Frank
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 8:37 a.m. Mark
Request for additional agenda items/approve agenda Mark
Call for approval of the Oct 31, 2018 Minutes Mark
1st Rose Ann / 2nd Kathleen / All Approved
Reports
Expense Report Rose Ann
Revenue Reports Stacie
• General Fund at $18.340.340 - 91.9% 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.
• Other Funds at $27.203 .891- 87% of 2018 budget which is 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. A legend has been added at the
bottom. There were a couple of items where the amounts were put in the wrong fund in
September. 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 match totals on the monthly reports.
• General Fund Cash Balance - $6.682.718 at the end of October which includes the $2.672
million budgeted and required reserve. It's up 7% from this time last year but still
following our trend line. We're a little higher for property tax collection from last year at
this time, and this would account for some of the increase.
• General Sales Tax Receipts.- $402.305 which includes $95.473 for Special Purpose in
October 2018. Sales tax is 4.23% over budget for the year so far, and Special Purpose
is 4.35% over. Cumulatively they're 7.3% over for the month and 4.3% over budget for
the year.
• REET Receipts - $119.144 in October which is up 5% from this month last year and almost
23% over budget for the month. For the year it's 21% over budget. We had 14 sales between
$500k and one million. Seven were in Port Ludlow, three in Quilcene, two in Nordland, one
in Sequim and one in unincorporated Port Townsend. Of note, Henery’s Hardware land
and building sold to Henery’s for $2.65 million. All REET receipts for properties in the city
go to the city.
• Hotel/Motel Lodging Tax - $65.200 in October which is up 11.5% from this month last year.
It's 3.5% over budget for the month and 9.5% over budget year to date.
2019 Budget Mark
Carryover target is 1.75%.
Look at expenditures before actual expenditure to stay within budget.
Budget dates:
12/3 BOCC Budget Presentation
12/10 Deliberate Final Budget
12/17 4th Qtr Supplemental Appropriations
Added $200k PILT to base budget.
Jeff Chapman: taxes going down in 2019 even though assessments will be up.
Adjourned at 9:20 a.m. Mark
1st Kate / 2nd Kathleen / All approved.
Next Budget Meeting is January 30, 2019.