HomeMy WebLinkAbout012725MS Joint Finance Committee $oN co
MINUTE S
Special Meeting — January 27, 2025, 3:00 p.m.
Jefferson County Board of Commissioners
and Jefferson County Finance Committee
Courthouse, Commissioners' Chambers
1820 Jefferson Street, Port Townsend, WA
CALL TO ORDER: Chair Heidi Eisenhour called the Special Board of County Commissioner meeting
to order in the presence of Commissioner Greg Brotherton and Commissioner Heather Dudley-Nollette.
The purpose of the Special Meeting was to allow the Commissioners to meet with the Jefferson County
Finance Committee, and provide comments when necessary. All action taken at the meeting was done
by Finance Committee members. Treasurer Stacie Prada, as Chair of the Finance Committee (FC),
called the Finance Committee meeting to order at the appointed time.
PUBLIC COMMENT PERIOD: FC Chair Prada called for public comments, and no comments were
received.
APPROVAL OF AGENDA: FC members approved a motion to approve the agenda. Clerk Gallaway
stated that for future joint meetings, since the Board of County Commissioners convened for a Special
Meeting,no changes can be made to the agenda.
APPROVAL OF MINUTES: FC members moved to approve the October 23, 2024 minutes.
DISCUSSION re: Treasurer's 4th Quarter 2024 Report: FC Chair Prada provided a County and
District debt and investments report. She answered questions posed by the County Commissioners and
County Administrator.
DISCUSSION re: Reauthorize Debt Policy: FC Chair Prada reviewed the Debt Policy that was
originally adopted in July,2017, and updated in 2019 and 2020. At the end of the policy, is a debt
reserve policy. The policy also allows for a good bond rating. The last time the County went out for a
credit rating, our rating was AA. FC Chair Prada explained more of what the Debt Policy covered and
the Commissioners provided suggested edits to the policy. After discussion,the FC members approved a
motion to reauthorize the Debt Policy.
DISCUSSION re: Reauthorize Investment Policy: FC Chair Prada reviewed the Investment Policy
that was originally adopted in October, 2020, and updated in 2022. After discussion, the FC members
approved a motion to reauthorize the Investment Policy.
DISCUSSION re: Suggestions for future agenda items: FC Chair Prada asked the Commissioners
and FC members for future agenda items, and no suggestions were made.
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Joint BOCC Special Meeting/Finance Committee Meeting: January 27, 2025
NOTICE OF ADJOURNMENT: Chair Eisenhour adjourned the Special Meeting of the
Board of County Commissioners at 4:00 p.m. until the next regular meeting or special meeting as
properly noticed.
JEFFERSON COUNTY
,: B RD OF C MMISSIONERS
SEAL: •
= m i y Hei ise our, C air
ATTEST: tWY/NGTOv' .... a D dley- of ette, Member
Caro Gallaway, CMC g o rton, ember
C1er the Board
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