HomeMy WebLinkAbout11252020 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes
JEFFERSON COUNTY BUDGET COMMITTEE MINUTES
November 25, 2020 8:30 am GoToMeeting 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 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 8:32 a.m. Request for additional agenda items/approve agenda (Mark)
Kate- Technology platforms for virtual meetings Call for approval of the October 28, 2020 minutes (Mark) 1st Stacie, 2nd Greg, Unanimously Approved Expense Reports (Brenda)
• General Fund Departments reported 77.99%, should be at 83.33% or less. 4th quarter operating transfers are complete. Review of funds over budget target.
Revenue Reports (Stacie)
• General Fund at $18,970,479 – 86.2% of the 2020 budget year to date which is similar to previous years. Property tax collections are on track, and with the weekend due date, we will have additional timely payments posted in November. The second sheet shows general fund revenue charts showing 2015-2020 year to date detail and percentage of actual full year
collections. 2020 is shown as a percentage of our adopted budget.
• Other Funds at $28,693,439– 78.1% of 2020 budget year to date which is 4-8% lower than previous years.
• General Fund Cash Balance - $7,761,494 at the end of October which includes the $3.526
million budgeted reserve. This is slightly less than the amount for this time last year.
• General Sales Tax Receipts - $466,248 which includes $101,038 for Special Purpose in October 2020. General & Optional Sales tax is $30,000 over this month last year and 13% over budget
for the month. It’s holding at 13.6% over budget for 2020 YTD. Special Purpose is very similar
to last year and 0.5% less than 2019 Budget. Cumulatively they’re 13.8% over budget for the month and 10.2% over for YTD. The charts show the revenue per month back to 2005.
Page 2 of 2 Budget Committee Meeting Minutes
• Sales Tax by Sector: Sales tax composition by category reflects funds receipted in October for
August reporting. Total taxable sales in August was $115.98 million for Jefferson County and $49 million in the City of Port Townsend. I added the City to show the difference between the sector composition and impact to revenue for unincorporated JeffCo and within city limits. The amount collected for General & Optional was 9% more than this period last year for the county.
Construction and Retail carry a lot of the increase and are a lot higher than this month last year.
Accommodations and Food Service continues to be down. 2020 YTD is 6% over 2019 YTD collections.
• REET Receipts - Fund 302 - $291,638 in October which is the highest month ever for
unincorporated Jefferson County. It’s 150% over budget and more than twice what it was this month last year. Year to Date REET Collections are 47% over budget and 42% over 2019 YTD. We had a total of 39 sales over $500,000 with 6 of them over $1 million as follows:
In the City of Port Townsend, the Bishop Hotel sold for $1.5 million.
• Hotel/Motel Lodging Tax – Fund 125 - $78,504 in October with $360,996 YTD. This puts it
28% over budget for the month and 29% more than what was collected this month last year.
Year to date is 14% under budget and 23.6% less than 2019 YTD.
CARES Act Guidance Update (Mark) Not on agenda, however Patty successfully secured the full $2.392 million allocated to the county. Mid-biennium review (Mark) On the agenda for December 7, wrapping up final presentation. Additional Agenda items (Kate) There is a need for a webinar based platform for public meetings to allow greater attendance and
functionality. After doing some research, Zoom appears to be the best choice, but feedback is
invited. Brian has used Zoom effectively to manage court proceedings.
Washington State Economic and Revenue Update is available for review. Motion to Adjourn 9:37a.m. (Mark)
1st Phil H., 2nd Greg, Unanimously Approved
Next meeting is January 27, 2020. Meetings are scheduled the last Wednesday of each month except December.