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HomeMy WebLinkAboutFinance October 25 1991WHATCOM COUNTY COUNCIL FINANCE COMMITTEE October 25, 1991 Budget Review - Revenue The meeting was called to order at 11:05 a.m. in the Council Chambers, 2nd floor, 1000 N. Forest St., by Chairperson Mary Vanderpol. Also Present Absent Marge Laidlaw None Bob Imhof Council Budget and Program Analyst Bob Woods stated that the purpose of this session was to get a general overview from the Executives Office on revenues and expenditures. Deputy Administrator Tom Sutberry spoke on the top sources of revenue for the 1992 Budget. These sources include: 1. Property Tax (collection percentage from this source is an estimate due to a lack of information from the Assessors Office). 2. Local Sales and Use Tax. Due to the extreme amount of construction going on in Whatcom County, this source has grown tremendously over the past seven years. The County receives 15% of all collection within the incorporated areas of Whatcom County. This 15% is used as a base and equals approximately 25% of the total revenue collected. Collection to date, through September, are up 13% over last year. Sutberry is assuming a slow down in this growth for 1992, therefore, estimating a 10% increase in collection. Any amount of Sales Tax collected in 1991 which is 2.5% or more above the projected amount will go into the Courthouse Expansion Fund. In 1992, this percentage will be raised to 5 %. 3. Gambling Tax. Estimated collection of $500,000. 4. Delinquency on Real and Personal Property Taxes. This revenue source is expected to show a decrease in collection from the recent trend of approximately $900,000 to $600,000. Minutes, 10/25/91, page 1 5. Building Structures and Equipment. Revenue received from Building and Codes. 6. Criminal Justice Grants. One time money and ongoing money coming from the State that is in the Budget for a short time and sunsets on January 1, 1993 unless reenacted by the 1992 legislature. 7. Seattle City Light. To be negotiated 8. Providing General Room and Board to Prisoners. An over - estimation was made for 1991, so estimating low for 1992. 9. Auditors Recording Fees. Projecting $240,000 for 1992. This number comes from the Auditor and is based on current trends. 10. Vehicle License Fees. Low growth in projected collection for 1992. This number comes from the Auditor and is based on current trends. 11. Plan Check Fees. Projecting $279,474. 12. Public Works Administration. Reimbursement to the Current Expense Fund. 13. Driving While Intoxicated Penalties. 14. Investment Bonds. This figure is derived by the Treasurers Office. The numbers are variable from year to year due to fluctuating interest rates. Additional topics discussed by Sutberry included: What the impact will be on the County if initiative 559 passes; proceeds from the sale of fixed assets; further discussion of investment bonds; the hiring of a professional financial manager. Woods asked technical questions on the following expenditures: 1. Building Maintenance Printing and Postage. 2. Public Works Salary Expenditures; Provision for Salary Adjustments. 3. Salary Resolution Minutes, 10/25/91, page 2 Other topics discussed: Sheriffs Office budget request for a receptionist and a van for the outside workers program; impact of the Growth Management Act; Building and Codes work load; Building Maintenance request for an additional custodian; Public Works Director job description; funding from other cities in Whatcom County for the Health Department; Solid Waste contracts. Additional comments were made by: Laidlaw, Vanderpol, Van Zanten, and Imhof. ATTESTED: FINANCE AND PERSONNEL COMMITTEE MEMBER a r ... "vis, iderk Mary Vanderpol, Commitfee Cliair Minutes, 10/25/91, page 3