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HomeMy WebLinkAbout083023 DRAFT Minutes - Budget CommitteeJEFFERSON COUNTY BUDGET COMMITTEE MEETING Wednesday, August 30, 2023, 2023 8:30 AM Draft Minutes This is a Hybrid meeting: Virtual and In-Person Attendance at Jefferson County Courthouse 1820 Jefferson Street, Port Townsend, WA Documents for this meeting can be found at: https://test.co.jefferson.wa.us/WeblinkExternal/Browse.aspx?id=4165982&dbid=0&repo=Jefferson click on Budget Meeting Date OR www.co.jefferson.wa.us Services – LaserFiche Web Portal – Board of Commissioners – Boards and Committees – Budget Committee – 2023 – Click date of Budget Meeting Attendees: Amanda Hamilton Chelsea Pronovost Kate Dean Renee Talley Amit Sharma Chris Goy Lauralee Keisel Sarah Melancon Andy Pernsteiner Heidi Eisenhour Leanne Dotson Sasha Coker Apple Martine Greg Brotherton Lori Bailey Shannon Burns Brandon Mack James Kennedy Lysa Phillis Sophie Nordstrom Brenda Huntingford Jeff Chapman Mark McCauley Stacie Prada Brent Butler Jenn Mitchell Matt Tyler Veronica Shaw Brian Gleason Joe Nole Mindy Walker Willie Bence Bridget Gregg Josh Peters Monte Reinders Carolyn Gallaway Judy Shepherd Philip Hunsucker Cathy Taylor Kari Binns Meeting was called to order at 8:32 by Judy Shepherd nd Motion to approve the July 28, 2023 Minutes by Joe Nole, 2 by Phil Hunsucker, motion passes Expenditure Reports presented by Auditor Brenda Huntingford. Reports are available in Laserfiche (see above). Revenue Reports by Treasurer Stacie Prada. Reports are available in Laserfiche (see above).  General Fund at $16,855,614 – 68.8% of the annual budget. The second sheet shows general fund revenue charts showing 2015-2023 detail and percentage of actual full year collections.  Other Funds at $26,147,658 – 46.5% of annual budget. Fund 123 Grant Management accounts for a lot of the increase in years 2021-2023. Funds are grouped at the top by fund type, and YTD percentages are provided. The graph on the second page shows the full year and YTD percentage lines.  General Fund Cash Balance - $10,267,490 at end of month which includes $4,045,829 for the 15% of expenditure reserve.  General Sales Tax Receipts - $463,547 General and Optional Sales Tax and $127,524 for Special Purpose this month. Cumulatively, this is 4% over YTD budget and 7% over 2022 YTD.  Sales Tax by Sector: Positive percentages are increases over last year to date, negative are decreases. Color shading is white for zero, green for positive and red for negative. Unincorp City of Port Sales Tax Revenue by Sector Jefferson Townsend County All Sales YTD 7% 9% RETAIL YTD 3% 5% CONSTRUCTION YTD 10% 22% ACCOMMODATION & FOOD SERVICES YTD 29% 21%  REET Receipts - Fund 302 - $154,053 for the month which is 12% under budget for the month and 25% less than this month last year. Year to Date it’s 6.4% under budget and 25% less than last year. We had two sales over $1 million in unincorporated Jefferson County compared to four this month last year. Current projection is $117k under budget.  Hotel/Motel Lodging Tax – Fund 125 - $72,053 for the month. This is 28% over budget for the month and 74% over budget YTD. This is 31% more than 2022 YTD. Year-end projection is $485k over budget, but we’ll see how it goes as we get further in the year.  DNR Timber Trust 1 – Amounts are distributed by the levy rates for the tax code areas where the timber activity occurs. The first page shows distributions for full years 2017-2022 and July YTD for 2023. Meeting was Adjourned at 9:32 by Judy Shepherd Next Meeting – 9/27/2023, 8:30 AM Minutes submitted by Kate Dean, Secretary