HomeMy WebLinkAbout10282020 Budget Committee Minutes Page 1 of 2 Budget Committee Meeting Minutes
JEFFERSON COUNTY BUDGET COMMITTEE MINUTES
October 28, 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)
None Call for approval of the September 30, 2020 minutes (Mark) 1st Ruth, 2nd Jeff, Unanimously Approved Expense Reports (Judy)
• General Fund Departments reported 69.56%, including operating transfers and non-departmental. Other funds are at 62.38%, in line with previous years. Both are under the
75% target for the end of September. Auditor will be checking budget status before paying
vouchers- departments should be making sure they have balance available. County Administrator signature required on the Request for Budget Transfer form, for all transfers into salary or benefit lines from non-salary or non-benefit lines.
Revenue Reports (Stacie)
• General Fund at $15,277,007 – 69.4% of the 2020 budget year to date which is similar to previous years. Property tax collections are on track. 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 $22,664,216– 67.1% of 2020 budget year to date which is 3-5% lower than previous years.
• General Fund Cash Balance - $5,829,323.64 at the end of September which includes the $3.526 million budgeted reserve. This is slightly less than the amount for this time last year.
Page 2 of 2 Budget Committee Meeting Minutes
• General Sales Tax Receipts - $468,330 which includes $96,212 for Special Purpose in September 2020. General & Optional Sales tax is $52,000 over this month last year and 20% over budget for the month. It’s holding at 13% over budget for 2020 YTD. Special Purpose is very similar to last year and 2.4% less than 2019 YTD. Cumulatively they’re 3.9% over budget for the month and 9.8% over for YTD. The charts show the revenue per month back to 2005.
• Sales Tax Data- Sales tax composition by category reflects funds receipted in September for business reporting in July. Total taxable sales in June was $113.8 million, and the amount collected for General & Optional was 16% more than this period last year. Construction and Retail are a lot higher than this month last year. Accommodations and Food Service are 23% down for the month and 33% down year to date. Overall, 2020 YTD is 6% over 2019 YTD collections.
• REET Receipts - Fund 302 - $211,718 in September which is twice what it was this month last year and 83% over budget for the month. Year to Date REET Collections are 33% over budget and 30% over 2019 YTD. One residential sale on Ebb Tide Ct in Port Ludlow was 2.1 million, and one on Juan De Fuca Rd sold for $1.253 million. There were 29 sales in unincorporated Jefferson County in September with selling prices between $500,000 and $1 million. In the City, the Baker Block Building sold for $6.8 million.
• Hotel/Motel Lodging Tax – Fund 125 $79,681 in September with $282,492 YTD. This puts it 18.9% over budget for the month and 9.8% less than what was collected this month last year. Year to date is 21.4% under budget and 31.4% less than 2019 YTD. One reason for the higher collections this month could be attributed to the extension allowed for some to file sales tax until July due to the pandemic.
CARES Act Guidance Update (Patty)
Cautious optimism that current Treasury guidance allows local governments to bill for public safety
costs, mitigating expenditures made for all COVID related costs, and enabling funding of all projects submitted. This will simplify the reimbursement and disbursement process. Mid-biennium review (Mark)
Presentation November 9. A few add requests were submitted by departments, and most capital
requests have been addressed, fulfilled or withdrawn. Other Treasurer’s analysis shows strong county tax revenues compared to the city, which is down. Motion to Adjourn 9:07a.m. (Mark) 1st Ruth, 2nd Philip M., Unanimously Approved
Next meeting is November 25, 2020.
Meetings are scheduled the last Wednesday of each month except December.