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HomeMy WebLinkAbout041724M JEFFERSON COUNTY BUDGET COMMITTEE MEETING MINUTES Wednesday, April 17, 2024 8:30 AM Hybrid meeting held virtually and In-Person Attendance at Jefferson County Courthouse 1820 Jefferson Street, Port Townsend, WA Attendees: Amanda Hamilton Amit Sharma Andy Pernsteiner Apple Martine Brandon Mack Brenda Huntingford Brent Butler Tracy Coleman Brian Gleason Carolyn Gallaway Cathy Taylor Chelsea Pronovost David Fortino Heidi Eisenhour Greg Brotherton James Kennedy Jeff Chapman Joe Nole Josh Peters Judy Shepherd Kari Binns Kate Dean Lauralee Keisel Leanne Dotson Lori Bailey Lysa Phillis Mark McCauley Matt Tyler Melissa Pleimann Mindy Walker Monte Reinders Philip Hunsucker Owen Rowe Renee Talley Sarah Melancon Sasha Coker Shannon Burns Sophie Nordstrom Stacie Prada Thomas Goodworth Tracy Coleman Veronica Shaw Willie Bence Meeting was called to order at 8:32 by Chair Judy Shepherd. There was no Public Comment. Motion to approve the March 20, 2024 Budget Committee Minutes by Joe N, 2nd by Heidi E, motion passed. Expenditure Reports were presented by Auditor Brenda Huntingford and can be found in Laserfiche. Revenue Reports were presented by Treasurer Stacie Prada and can be found in Laserfich. • General Fund at $5,475,861 – 20.3% of the annual budget. PUD Privilege Tax was $494,176 and 13.6% over budget. The second sheet shows general fund revenue charts showing 2015-2024 detail and percentage of actual full year collections. • Other Funds at $11,877,596 – 16% 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 - $8,880,712 at month end and with reserve of $4,417,206. The non-reserve cash balance was $4,463,506. The reserve will increase $72,225 with the proposed 1st Quarter appropriations. • General Sales Tax Receipts - $465,371 General and Optional and Special Purpose Sales Tax for the month. Cumulatively, this is 4% under budget and 1.6% over 2023 actual. Early end of year projection is $284,000 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 - $78,509 for the month which is 35% under budget for the month and 29% less than this month last year. It’s early for end of year projection, but it calculates to $403,000 under budget. There were three sales over $1 million in unincorporated Jefferson County compared to four this month last year. • Hotel/Motel Lodging Tax – Fund 125 - $33,816 this month which is 27% under budget and 53% less than this month last year. Cumulatively, YTD is 13% under budget and 32% less than last year. End of year projection is currently $95,775 under budget. Budget Appropriations hearing for Q1 was moved to 5/6/2024 Next Meeting is 05/22/24 at 8:30 AM Meeting was adjourned at 9am by Judy Shepherd. Draft minutes submitted by Secretary Kate Dean