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HomeMy WebLinkAbout032024MJEFFERSON COUNTY BUDGET COMMITTEE MEETING MINUTES Wednesday, March 20, 2024 8:30 AM This was is a Hybrid meeting: Virtual and In-Person Attendance at Jefferson County Courthouse Attendees: Amanda Hamilton Amit Sharma Andy Pernsteiner Apple Martine Brandon Mack Brenda Huntingford Brent Butler Brian Gleason Carolyn Gallaway Cathy Taylor Chelsea Pronovost David Fortino Heidi Eisenhour Greg Brotherton James Kennedy Jeff Chapman Jenn Mitchell Joe Nole Josh Peters Judy Shepherd Kari Binns Kate Dean Lauralee Keisel Leanne Dotson Lori Bailey Lysa Phillis Mark McCauley Matt Tyler Mindy Walker Monte Reinders Philip Hunsucker Owen Rowe Renee Talley Sarah Melancon Sasha Coker Shannon Burns Sophie Nordstrom Stacie Prada Tracy Coleman Veronica Shaw Willie Bence Meeting was called to order at 8:35 by Chair Judy Shepherd There was no public comment Motion to approve the February 21, 2024 Minutes by Mark, 2nd by Heidi, motion carries Expenditure Reports were presented by Auditor Brenda Huntingford, documents can be found in Laserfiche. Revenue Reports were presented by Judy Shepherd, documents can be found in Laserfiche. • General Fund at $3,378,703 – 12.5% of the annual budget. The second sheet shows general fund revenue charts showing 2015-2024 detail and percentage of actual full year collections. • Other Funds at $8,173,772 – 11% of annual budget. 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 - $8,839,792 at month end and with reserve of $4,417,206. The non-reserve cash balance was $4,422,586. • General Sales Tax Receipts - $564,844 General and Optional and Special Purpose Sales Tax for the month. Cumulatively, this is 3.4% under budget and 4.6% over 2023 actual. Early end of year projection is $239,716 under budget. • 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. • REET Receipts - Fund 302 - $70,970 for the month which is 14% under budget for the month and 44% more than this month last year. It’s early for end of year projection, but it calculates to $240,000 under budget. There were two sales over $1 million in unincorporated Jefferson County compared to none this month last year. • Hotel/Motel Lodging Tax – Fund 125 - $38,180 this month which is 12% under budget and 27.6% less than this month last year. End of year projection is currently $34,500 under budget, but this is early to estimate. • DNR Timber Trust 1 – Amounts are distributed by the levy rates for the tax code areas where the timber activity occurs. Amounts are shown for full years 2017-2024 with charts of distributions by levy, by fund/district and by district type. Collections through February 2024 were $116,814. • TAV –Distribution details by District and by District Type. Receipts in 1ST Quarter 2024 were $388,771, and the beginning reserve was $180,627. Distributions totaled $569,398. Next Meeting is 04/17/24, 8:30 AM Meeting was Adjourned by Chair Shepherd at 9:17AM Minutes submitted by Secretary Kate Dean