HomeMy WebLinkAbout2024 Qtr 4 1-27-2025 Finance Committee Meeting Minutes_Draft
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:
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Stacie Prada, Jefferson County Treasurer
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Brenda Huntingford, Jefferson County Auditor