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HomeMy WebLinkAbout042419 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes JEFFERSON COUNTY BUDGET COMMITTEE MINUTES April 24, 2019 8:30 am First Floor Conference Room Members: Amanda Hamilton Andy Pernsteiner 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 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) Call for approval of the March 27, 2019 minutes (Mark) 1st Jeff, 2nd Judy, Unanimously Approved Reports Expense Reports (Judy)  March 2019, General Fund Departments reported 25.37% (w/o Non-Dept.) compared to 25.06% in 2018 and 23.87% in 2017. Other funds are at 20.21% compared to 18.79% in 2018 and 18.84% in 2017. Judy reported 2019 is reporting comparable with the last two years. Revenue Reports (Stacie)  General Fund at $3,907,177 – 19.9% of the 2019 annual budget which is typical for the beginning of the year. Property tax collection has ramped up and is on track. DNR Timber and Investment Income are up from this time last year.  Other Funds at $6,838,533 – 21.2% of 2019 Budget which is typical for this time of year.  General Fund Cash Balance - $4,861,100 at the end of March which includes the $2.905 million budgeted and required reserve. The reserve by resolution is 10% of General Fund Budgeted expenditures, and the revenue stabilization reserve is a formula that is calculated after year end. Resolution 38-10 has not been revised, but after some discussion and questions it was suggested that the Committee revisit it at the next meeting.  General Sales Tax Receipts - $312,572 which includes $70,614 for Special Purpose in March 2019. Sales tax is 10.7 % over budget for 2019 YTD, and Special Purpose is 4.8% over. Cumulatively they’re 9.3% over budget for the year.  REET Receipts - $82,105 in March which is up 8.66% from this month last year and 4.8% under budget for the month. Year to date amount is 13% over budget. We had one sale at $1.416 million for 650 acres forest land on the west end and six sales between $500,000 and Page 2 of 2 Budget Committee Meeting Minutes one million including five in Port Ludlow and one in Kala Point.  Hotel/Motel Lodging Tax - $25,281 in March which is 46% over budget for the month and 30% more than the amount collected this month last year. Hotel/Motel revenue is 10% over budget for the year. Other There was an inquiry on whether there would be additional efforts with the Total Compensation Study. Some concerns expressed by members included need for pay equity, costs associated with turnover, funding technology verses wages, ongoing revenue to cover ongoing expenses, and living in a place of fear. Sheriff Nole introduced Undersheriff Andy Pernsteiner to the group. Motion to Adjourn (Mark) 1st Kate, 2nd Joe, Unanimously Approved Next meetings are May 29, 2019 and June 26, 2019. Meetings are scheduled for the last Wednesday of each month except for the month of December.