HomeMy WebLinkAbout2024 Qtr 4 1-27-2025 Finance Committee Meeting Minutes
Jefferson County Finance Committee
Regular Meeting – January 27, 2025 at 3:00 p.m.
Jefferson County Courthouse – Commissioners’ Chambers 1820 Jefferson Street, Port Townsend, WA
CALL TO ORDER: Treasurer Stacie Prada, as Chair of the Finance Committee (FC), called the Finance Committee meeting to order in the presence of County Commissioner Chair Eisenhour and Auditor Huntingford 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.
NOTICE OF ADJOURNMENT: Chair Prada adjourned the Finance Committee Meeting and posted the Notice of Adjournment at 4:00 p.m.
Meeting schedule – Hybrid: Virtual and In-Person 3:00pm
April 28, 2025, Board of County Commissioner’s Chambers.
Approved:
_______________________________________ Stacie Prada, Jefferson County Treasurer
_______________________________________
Brenda Huntingford, Jefferson County Auditor