HomeMy WebLinkAbout08262020 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes
JEFFERSON COUNTY BUDGET COMMITTEE DRAFT MINUTES
August 26, 2020 8:30 am GoToMeeting Members: Aleta Baker
Amanda Hamilton Andy Pernsteiner Barbara Carr
Brenda Huntingford Brian Gleason Carol Palmer
Cathy Taylor Cliff Moore David Sullivan Erin Lundgren
Greg Brotherton James Kennedy 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 8:33 a.m. Request for additional agenda items/approve agenda (Mark)
Mark adds 3rd Q supplemental as an agenda item - 1st Ruth, 2nd Rose Ann, Unanimously Approved Call for approval of the July 29, 2020 minutes (Mark)
1st Phil, 2nd Greg, Unanimously Approved Reports Expense Reports (Rose Ann)
• General Fund Departments reported 60.07%. Other funds are at 49.03%. Departments
exceeding 58.33% are highlighted. New other funds 103 & 104 represent elections
grants.
• Some overages will be addressed by CARES Act funding through a supplemental request.
Revenue Reports (Stacie)
• General Fund at $13,169,679 – 59.8% of the 2020 budget year to date which is 2.5% less
than last year. Property tax collections are on track. The second sheet shows general fund
revenue charts showing 2015-2020 year to date detail and percentage of full year
collections. 2020 is shown as a percentage of our adopted budget.
• Other Funds at $19,407,351– 52.8% of 2020 budget year to date.
• General Fund Cash Balance - $7,785,971 at the end of July which includes the $3.526
million budgeted reserve. This is slightly less than the amount for this time last year. This
reserve amount increased $134,575 to address second quarter expenditure appropriations.
Page 2 of 2 Budget Committee Meeting Minutes
• General Sales Tax Receipts - $409,818 which includes $86,275 for Special Purpose in July
2020. General & Optional Sales tax is up from last year and 8% over budget for the month. It’s
holding at 12.75% over budget for 2020 YTD. Special Purpose was less than last year but at
budget. Cumulatively they’re $11,000 over this month last year, 12% over budget for the month
and 9.68% over for YTD. The charts show the revenue per month back to 2005.
New graph shows percentages of sales tax categories to be received in August.
• REET Receipts - Fund 302 – Reflects strong sales - $160,738 in July, which is 51% over budget
and 17.6% over this month last year. Year to Date, REET Collections are 22.8% over budget
and 20% over 2019 YTD. Two sales were over $1 million, one in Chimacum and another in
Port Ludlow. There were 16 sales in unincorporated Jefferson County in July with selling
prices between $500,000 and $1 million.
• Hotel/Motel Lodging Tax – Fund 125 – Showing some rebound - $24,074 in July. This puts it
42% under budget for the month and half what was collected this month last year. Year to date
is 29.2% under budget and 36.2% less than YTD in 2019.
Mid-biennium review & modification (Mark) 3rd Quarter Supplementals and Budget Modifications are both due September 8th. There is a freeze
on appropriations except for those that are neutral or meet specific criteria. Other Kate advised some capital is committed to sewer construction grant; looking into other funding
sources in addition to the REET portion.
Veronica offered that capital project submissions could benefit from system improvement with more transparency and communication.
Motion to Adjourn 9:17 a.m. (Mark)
1st Ruth, 2nd Greg, Unanimously Approved Next meeting is September 30, 2020.
Meetings are scheduled the last Wednesday of each month except December.