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HomeMy WebLinkAboutBudget Committee Draft Minutes - March 31 2021 JEFFERSON COUNTY BUDGET COMMITTEE MINUTES (Held virtually due to Covid) Wednesday, March 31, 2021 Attendees: Andy Rowlson Andy Pernsteiner Anne Sears Barbara Carr Brian Gleason Brenda Huntingford Carol Palmer Carolyn Galloway Cathy Taylor Claudette Oppe Cliff Moore Heidi Eisenhour Greg Brotherton James Kennedy Jeff Chapman Joe Nole Jodi Adams 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 Call meeting to order: 8:31 am Call for approval of the February 24, 2021 Minutes: Motion by Stacie Prada, Phil Hunsucker 2nd. Passed unanimously. Expense Report (Judy Shepherd): Funds should be at 16.67%. General fund is at 20.06%, other funds at 13.45% Judy shared new classification requirements for fund balance Annual reporting to the State Auditor’s office. Revenue Reports (Stacie Prada): •General Fund at $2,178,623 – 10.5% of the 2021 budget year to date which is similar to past years. The second sheet shows general fund revenue charts showing 2015-2021 year to date detail and percentage of actual full year collections. Look at the bottom line to see that percentage of full year has ranged from 8.1 to 10.5% for February YTD. 2021 is shown as a percentage of our adopted and amended budget. •Other Funds at $4,388,282– 12.2% of 2021 budget year to date which is slightly less than previous years. •General Fund Cash Balance - $7,894,628 at the end of February which includes the $3.3 million budgeted reserve. The reserve equals 15% of the final approved budget expenditures. •General Sales Tax Receipts - $776,980 which includes $104,630 for Special Purpose in February20 21. Cumulatively, this is almost 16 % over budget year to date.  Sales Tax by Sector: Sales tax composition by category reflects funds receipted in Decembe r for February distribution. The amount collected for General & Optional was 8% more than this period last year for the county and flat for the City of Port Townsend. •REET Receipts - Fund 302 - $103,671 in February which is 104% over budget and 22% over what it was this month last year. We had a total of 13 sales over $500,000 with a residence in Port Ludlow selling for $1.25 million and another sale of 5.85 acres with tidelands and structures on Marrowstone Island selling at $2.05 million. •Hotel/Motel Lodging Tax – Fund 125 - $45,296 in February. This puts it 2.5% over budget for the month and 33 % over what was collected this month last year. Year to date, revenue is 19% over budget and 27% over last year. The second page shows revenue from 1998 through today Munis Update (Mark): Go live date has been moved from April 1 to June 1 1st Quarter Supplemental Appropriations (Mark): Still a moratorium on quarterly supplementals but necessary ones will be processed soon. Covid-19 Reimbursements to Elected Offices and Departments (Mark): Covid related expenses for reimbursement need to be submitted to Mark. 2021 American Rescue Plan (Mark): $6.4M (half in 2021, half in 2022). Also PILT distribution, amount unknown. Electronic REET Submittals, Payments, and Recording (Stacie): Title Companies can now pay electronically for excise tax and recording fees. People no longer need to come to the office or mail in documents. Motion to Adjourn at 9:45. Motion: Heidi Eisenhour, Joe Nole 2nd. Passed unanimously. Minutes submitted by Kate Dean, Secretary