COM 0103.000 2020-2022 Part 1, Volume 1

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Honorable Members of the Hawai'i County Council March 1, 2021 Page 4 REVENUE CHANGES The major changes in projected revenues are as follows: Real Property Tax. Real property tax revenues are expected to increase by 3.0%, or $9.9 million, primarily due to new construction and an increase in taxable values. Public Service Company Tax. Public service company tax is expected to decrease by $1.5 million or 16.7% in the coming year due to reduced revenues for many of these taxpayers. Intergovernmental Revenue. Increases in grant revenues of about $3.3 million reflect those grants we are aware of at this time. Charges for Service. Charges for services is expected to increase by $1.2 million primarily due to the increases in sewer charges and tipping fees. Fund Balance Carryover. This budget reflects $8.7 million less in carryover savings from the current year operations of all funds. EXPENDITURES BY FUNCTION The following table presents a summary of projected FY 2021-22 expenditures from various sources and the changes from the current budget: EXPENDITURES BY FUNCTION (Amounts in thousands) Increase (Decrease) Percent From Percent FY21-22 of FY20-21 Increase Function Amount Total Amount (Decrease) General Government $ 54,975 9.3% $1,506 2.8% Public Safety 158,737 26.9% 773 0.5% Highways & Streets 40,920 6.9% 1,415 3.6% Health, Education and Welfare 39,735 6.8% 916 2.4% Culture and Recreation 24,980 4.2% 1,642 7.0% Sanitation and Waste Removal 50,783 8.6% 113 0.2% Debt Service 54,518 9.2% (4,845) -8.2% Pension & Retirement 79,312 13.4% 2,430 3.2% Health Fund 50,126 8.5% 5,036 11.2% Miscellaneous 36,715 6.2% (4,198) -10.3% $590,801 100.0% $4,788 0.8% County of Hawaii is an Equal Opportunity Provider and Employer.