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HomeMy WebLinkAbout022719 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes JEFFERSON COUNTY BUDGET COMMITTEE MINUTES February 27, 2019 8:30 am First Floor Conference Room Members: Amanda Hamilton Anne Sears Barbara Carr Brenda Huntingford Carol Palmer Cathy Taylor David Sullivan Erin Lundgren Greg Brotherton James Kennedy Janet Holbrook Jeff Chapman Jodi Adams Joe Nole Judy Shepherd Kate Dean Keith Harper Lauralee Keisel Leanne Dotson Lori Bailey Lysa Phillis Mark McCauley Matt Tyler Mindy Walker Monte Reinders Patty Charnas Philip Hunsucker Philip Morley Renee Talley Rose Ann Carroll Ruth Gordon Sophie Nordstrom Stacie Prada Su Tipton Susan Parke Tanda McMillin Tracie Bick Veronica Shaw Vicki Kirkpatrick Willie Bence Order of Business Meeting called to order by Mark at 8:30 a.m. Request for additional agenda items/approve agenda (Mark) Stacie added Purchase Cards. Call for approval of the January 30, 2019 minutes (Mark) 1st Ruth, 2nd Greg, Unanimously Approved Reports Expense Reports (Judy)  January 2019, General Fund Departments reported 9.08% (w/o Non-Dept.) compared to 8.88% in 2018 and 8.61% in 2017. Other funds are at 7.40% compared to 8.38% in 2018 and 7.52% in 2017. Judy highlighted a few departments who exceeded the YTD % of 8.33%. Revenue Reports (Stacie)  General Fund at $904,582 – 4.6% of the 2019 annual budget which is typical for the first month of the year.  Other Funds at $2,227,383 – 6.9% of 2019 Budget which is typical for the first month of the year. A few funds have been added including 149 Homeless Housing Fund and Fund 109 for Noxious Weed.  General Fund Cash Balance - $5,320,169 at the end of January which includes the $3.1 million budgeted, required reserve and reserved for one-time expenses. The reserve by resolution is just the 10% of General Fund Budgeted expenditures and revenue stabilization equaling $2,763,782. Reserved for one-time expenses is shown. Stacie will provide more information on her source later.  General Sales Tax Receipts - $337,549 which includes $79,236 for Special Purpose in January 2019. Sales tax is 22.7 % over budget for 2019 YTD, and Special Purpose is 17.46% over. Cumulatively they’re 21.4% over budget for the year.  REET Receipts - $64,496 in January which is up 29% from this month last year and 42% over budget for the month. We had seven sales between $500,000 and one million including six sales in Port Ludlow and one in Nordland. We had no sales over one million. Page 2 of 2 Budget Committee Meeting Minutes  Hotel/Motel Lodging Tax - $29,854 in January which is 44% over budget for the month and year so far. It’s 22.37% over this time last year. Purchase Cards (Stacie) Any unpaid balance exceeding 60 days will cause your card to be suspended. Stacie encouraged all to keep an accounting of card activity. Motion to Adjourn (Mark) 1st Ruth, 2nd Stacie, Unanimously Approved Next meetings are March 27, 2019 and April 24, 2019. Meetings are scheduled for the last Wednesday of each month except for the month of December.