HomeMy WebLinkAbout022322M approved Budget Committee JEFFERSON COUNTY BUDGET COMMITTEE
Budget Committee Meeting Minutes
Wed, Feb 23, 2022
Documents for this meeting can be found at:
https://test.co.jefferson.wa.us/WebLinkExternal/0/fol/3336689/Row1.aspx
Attendees:
Andy Pernsteiner
Anne Sears
Apple Martine
Barbara Carr
Brenda Huntingford
Brent Butler
Brian Gleason
Bridget Gregg
Carol Palmer
Carolyn Gallaway
Cathy Taylor
David Fortino
Heidi Eisenhour
Greg Brotherton
James Kennedy
Jeff Chapman
Joe Nole
Jodi Adams
Judy Shepherd
Kari Binns
Kate Dean
Keith Harper
Lauralee Keisel
Leanne Dotson
Lori Bailey
Lysa Phillis
Mark McCauley
Matt Tyler
Mindy Walker
Monte Reinders
Philip Hunsucker
Renee Talley
Rose Ann Carroll
Ruth Gordon
Sarah Melancon
Sophie Nordstrom
Stacie Prada
Su Tipton
Veronica Shaw
Willie Bence
Order of Business
Meeting was called to order at 8:34 by Chair Judy Shepherd.
Motion to approve the January 26, 2022 Minutes by Heidi E, 2nd by Mark, motion carried
unanimously.
Expense Report by Rose Ann
Please see attached documents
Revenue Reports by Rose Ann Carrol (Stacie Prada was not present)
• General Fund is at $1,056393, which is 4.7%of the 2022 budget. The second sheet shows
general fund revenue charts showing 2015-2022 year to date detail and percentage of actual
full year collections.
• Other Funds at $1,969,192 – 5.8% of 2022 budget. The report has been reformatted to simplify
report creation each month using Munis exports. A page has been added to graphically depict
year to date information by fund type and fund. Some funds were not reported in prior years
but have been added for 2022.
• General Fund Cash Balance - $7.6 million at the end of January which includes $3.6 million
reserve. The 13th month cash balance for 2021 has been added to the data to reflect how cash
balance was higher on December 31st. It reflects $1,366,146.11 was spent as 13th month
general fund expenditures for 2021 in January 2022. 13th Month expenditure amounts are
added back to cash on 12/31/2021 and removed on 1/1/2022.
• General Sales Tax Receipts - $354,280 which includes $99,009 for Special Purpose in January
2022. Cumulatively, this is 5% under budget.
• Sales Tax by Sector: Sales tax composition by category reflects funds receipted in November
for January distribution. The left side shows revenue for Jefferson County from activity in
unincorporated Jefferson County. This amount is the General and Optional amount of 0.50%
each. The right side shows City of PT sales tax sector with revenue to the county at 0.075%
for each for the General and Optional sales tax. Together, the current revenue at the bottom
of the sheet for each equals the total amount of sales tax revenue received by Jefferson
County of $354,280.
• REET Receipts - Fund 302 - $98,647 which is 33% over budget for the month and 12% more
than what it was this month last year. We had a total of 17 sales over $500,000 with two
properties selling for over $1 million. A second sheet displays the REET count and total sales
amounts as of April 30 and December 31 of each year. In 2021, number of REET transactions
was up 16% from 2020 and Total Sales amount was up 30% from 2020.
• Hotel/Motel Lodging Tax – Fund 125 - $39.532 in January. This puts it 42% over budget for the
month and 1.6% more than this month last year.
Reminders:
Financial Worksheets due to the Auditor on 3/1/2022
Call for Qtr 1 Supplemental Budget Appropriations 3/7/2022
due 3/21/22
• Switching to Zoom format next month
• Budget Committee meeting materials can now be found in Laserfiche folders
entitled Budget Meeting (date). Final financials for each month will be
archived in (month) Financials folder.
Motion to Adjourn at 9:14am by Mark, 2nd by Ruth, carries unanimously
Minutes submitted by Kate Dean