HomeMy WebLinkAbout85-1223-24R STATE OF WASHINGTON
County of Jefferson
In the Matter of Providing an Interfund Loan
to Community Development Fund (143) from RESOLUTION NO. 8 5-12 2 3-2 4 R
the General Fund
WHEREAS, the Board of Jefferson County Commissioners are committed to
Community Development service improvement and implementing a fire marshal within the
Department; and
WHEREAS, the Department of Community Development underwent a reorganization in
2023 and, due to a substantial case backlog,required consultants to assist while new staff were
recruited and trained; and
WHEREAS, the Community Development Fund (143)requires sufficient working capital
for day-to-day operations while grant funds are requested for reimbursement; and
WHEREAS, there were several unforeseen impacts to fire marshal revenue, e.g., the
short-term rentals moratorium; and
WHEREAS, the State Auditor's Office has established guidelines and minimum
standards within the Washington State Bars Manual, and Jefferson County has a debt policy
authorizing the Board of County Commissioners to approve interfund loans; and
WHEREAS, that the Board of Commissioners does hereby authorize the County
Treasurer to loan an amount of$100,000 from the General Fund to the Community Development
Fund at 5%per annum to provide needed working capital and liquidity; and
WHEREAS, the said amount of the loan and interest shall be repaid to the General Fund
on or before December 31, 2025; and
NOW, THEREFORE, THE BOARD OF COUNTY COMMISSIONERS OF
JEFFERSON COUNTY,WASHINGTON,HEREBY RESOLVE AS FOLLOWS:
Section 1. Whereas Clauses are Findings of Fact. The Jefferson County Board of Commissioners
hereby adopts the above "Whereas"clauses as Findings of Fact.
Section 2.Purpose. The purpose of this resolution is to provide an interfund loan from the General
Fund to the Community Development Fund(143) in the amount of$100,000 at 5%per annum to
provide needed working capital and liquidity.
Section 3. Interfund Loan Approved. The Interfund Loan to Community Development Fund
(143) from the General Fund above is hereby approved.
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Section 4. Severability. If any section, subsection, sentence, clause, phrase or section of this
resolution or its application to any person or circumstance is held invalid, the remainder of this
resolution or its application to other persons or circumstances shall be fully valid and shall not be
affected.
Section 8. SEPA Categorical Exemption. This resolution is categorically exempt from the State
Environmental Policy Act under WAC 197-11-800 (19).
Section 9. Effective Date. This resolution shall take effect and be in full force immediately upon
approval and adoption by the Board of County Commissioners.
(SIGNATURES FOLLOW ON THE NEXT PAGE)
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ADOPTED and APPROVED this "'day of beU44,1 , 2024.
JEFFERSON COUNTY BOARD OF
SEAL: COUNTY COMMISSIONERS
Kate ai Chair
•• . ° '_ g r therton, Member
m A -Zi = Heidi Eisenhour, Member
%s0 7 �s
ATTEST: "+�,, APPROVED AS TO FORM:
��Pwl, 62.160. i27z3%
Carolyn allaway, CMC/ Date Philip C. Hunsucker, Date /y zZ1 Clerk of the Board Chief Civil Deputy Prosecuting Att6rney
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JEFFERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
TO: Board of County Commissioners
FROM: Judy Shepherd,Finance Director
DATE: December 23,2024
SUBJECT: Interfund Loan from the General Fund to the Community Development Fund
STATEMENT OF ISSUE: The General Fund has already transferred$1,089,543 to Community
Development Fund in 2024. The Community Development Fund still lacks significant cash flow to be able
to meet its obligations.
ANALYSIS: A number of factors have contributed to the lack of cash flow: consultants hired to address
significant backlog, fire marshal revenue impacted by unforeseen factors, and grant funds are requested for
reimbursement.
FISCAL IMPACT: Due to the funds already transferred to Community Development in 2024, it was
determined that Community Development could repay funds to the General Fund in 2025 when revenues
improved and consultant use could be kept to a minimum due to being fully staffed.
RECOMMENDATION:
The Board of Commissioners of Jefferson County authorize the County Treasurer to loan$100,000 from the
General Fund(001)to the Community Development Fund at 5%per annum.
REVIEWED BY:
Mark McCauley, ty Administrator Date / y