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HomeMy WebLinkAbout103019 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes JEFFERSON COUNTY BUDGET COMMITTEE MINUTES October 30, 2019 8:30 am First Floor Conference Room Members: Aleta Baker Amanda Hamilton Andy Pernsteiner Anne Sears Barbara Carr Brenda Huntingford Brian Gleason Carol Palmer Cathy Taylor Cliff Moore 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 Noeme Riddle 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) Veronica – Membership to Budget Committee 1st Ruth, 2nd Greg, Unanimously Approved Call for approval of the September 25, 2019 minutes (Mark) 1st Stacie, 2nd Ruth, Unanimously Approved Reports Expense Reports (Brenda)  September 2019, General Fund Departments reported 71% (w/o Non-Dept.) compared to 73.89% in 2018 and 72.62% in 2017. Other funds are at 63% compared to 62.13% in 2018 and 61.26% in 2017. Brenda highlighted those departments who currently exceed 75%. Revenue Reports (Stacie)  General Fund at $15,587,785 – 71.5% of the amended 2019 budget which is similar to previous years. The amended budget includes third quarter appropriations.  Other Funds at $24,105,565 – 70.1% of 2019 amended budget, which is similar to past years. This includes third quarter appropriations.  General Fund Cash Balance - $5,850,565 at the end of September, which includes the $3.268 million budgeted and required reserve. The General Fund reserve amount is now 15%, and this amount reflects third quarter appropriations approved by the Board.  General Sales Tax Receipts - $414,342 includes $94,733 for Special Purpose in September 2019. Sales tax is 4.26% over budget for 2019 YTD, and Special Purpose is slightly under budget. Cumulatively they are 2.6% over budget for the month and 3.1% over budgeted year to date. The second sheet shows the split of the two and amounts per year since 2005. 2019 is YTD. REET Receipts - Fund 302 - $105,075 in September, which is 17.7% under budget and 10.7% less than this month last year. Year to date amount is $876,841, which is 13% over budget but 5.3% under what was collected this time last year. We had two sales over one million, both residences in unincorporated Port Townsend, and 12 between $500,000 and $1 million. Page 2 of 2 Budget Committee Meeting Minutes  Hotel/Motel Lodging Tax – Fund 125 - $88,306 in September, which is 48.8% over budget for the month and 28.2% more than the amount collected this month last year. Hotel/Motel revenue is 21.8% over budget for the year and 11.7% over last year’s revenue. Membership (Veronica) Is there a formal process to add new members? There was discussion on old practices. Mark suggested the group discuss this at next month’s meeting. 2020-2021 Biennial Budget (Mark) Recommendations will be discussed with Philip and then back to individual departments. Philip mentioned it may take some time to reconnect with departments. Munis Update (Mark) This project is requiring those involved to devote a great deal of time. Mark thanked everyone working on the project. He also explained how the new system will reduce risk, increase transparency, and connect departments. Motion to Adjourn 9:08 a.m. (Mark) 1st Kate, 2nd Cliff., Unanimously Approved Next meeting is November 27, 2019. Meetings are held the last Wednesday of each month except for the month of December.