HomeMy WebLinkAbout022124MJEFFERSON COUNTY BUDGET COMMITTEE Meeting Minutes
Wednesday, February 21, 2024 Meeting was held in a hybrid in-person/ virtual (Zoom) format Attendees: Amanda Hamilton Amit Sharma Andy Pernsteiner Apple Martine Brandon Mack Brenda Huntingford Brent Butler Tracy Coleman Brian Gleason Carolyn Gallaway Cathy Taylor
Chelsea Provonost 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 Renee Talley
Sarah Melancon Sasha Coker Shannon Burns Sophie Nordstrom Thomas Goodworth Tracy Coleman Stacie Prada Veronica Shaw Willie Bence
Meeting was called to order at 8:31 by Chair Judy Shepherd No Public Comment was provided. Minutes from the January 31, 2024 meeting. Motion to approve by Heidi, E. seconded by Stacie P, approved unanimously. Expenditure Reports were provided by Auditor Huntingford and can be found in Laserfiche. Revenue Reports were provided by Treasurer Prada and can be found in Laserfiche.
• General Fund at $1,344,540 – 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 $3,465,551 – 4.7% 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 - $9,382,069 at month end and with reserve of $4,417,206. The non-reserve cash balance was $2,648,508.
• General Sales Tax Receipts - $530,802 General and Optional and Special Purpose Sales Tax for January. Cumulatively, this is 0.7% and $49,084 under budget. The amount is 3.2% over 2023 actual.
• 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 - $64,702 for the month which is 13.4% under budget for the month and 24.2% more than this month last year. It’s early for any projection, but it calculates to $234,500 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 - $38,325 this month which is 4% over budget and 0.7% less than
this month last year. Projection is currently $29,500 over 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. Meeting was Adjourned at 9:02am by Judy Shepherd Next Meeting – 03/20/24, 8:30 AM