COM 0770.000 2020-2022 - Laserfiche WebLink

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service funds was$6.2 million,which was a 16 percent change from the prior year and due to an increase of transfers in of$2.6 million. Proprietary funds. The County's proprietary funds provide the same type of information found in the government-wide financial statements,but in more detail. Unrestricted net position of the Kulaimano Elderly Housing Project(Kulaimano) at the end of the year amounted to $269,349, and$615,225 for the Ouli Ekahi Affordable Housing Project(Ouli Ekahi). Unrestricted net position for Kulaimano decreased by$399,213 and unrestricted net position for Ouli Ekahi increased by$5,801. Other factors concerning the finances of these two funds have already been addressed in the discussion of the County's business-type activities. GENERAL FUND BUDGETARY HIGHLIGHTS Differences between the original budget and the final amended budget were primarily the result of a$186.4 million increase in appropriations,the most significant reasons were due to $68.5 million of additional grant appropriations from the federal government relating to the County's allocation of federal funds received under the Coronavirus Aid,Relief, and Economic Security (CARES)Act that was passed through the State; $19.6 million of appropriations for the Coronavirus State &Local Fiscal Recovery Funds; and$83.8 million in CDBG appropriations to deal with the 2018 Kilauea eruption . Differences between the final budget and the actual(budgetary basis)resulted in approximately $9.3 million more revenues than expected and $33.1 million less expenditures than appropriated. This is primarily due to the following factors: • The positive variance of$9.3 million in revenues is comprised mostly of$22.4 million from real property taxes that were offset by shortfalls of$7.2 million in intergovernmental revenues and$3.4 million in charges for services. • Approximately$12.3 million of the unspent appropriations is related to salaries and wages and the various countywide expenditure accounts relating to salaries and wages. The variance is due primarily to unfilled vacancies and continued efforts by each department to control payroll costs during the budget year due to the tough economic conditions facing the County. The following functions are responsible for the majority of the variance: public safety($9.6 million)and general government($1.5 million). CAPITAL ASSET AND DEBT ADMINISTRATION Capital assets. The County's investment in capital assets for its governmental and business-type activities as of June 30,2021 amounts to $1.4 billion(net of accumulated depreciation). This investment in capital assets includes land and improvements,buildings and improvements, equipment,easements, and infrastructure assets,which consists of primarily roads and bridges. The total increase in the County's investment in capital assets for the current fiscal year was 2 percent. Major capital asset events during the current fiscal year included the following: • Construction continued on the Mamalahoa Highway Widening; construction in progress as of the end of the current fiscal year had reached $19.0 million with$5.1 million coming from the current fiscal year;project was transferred to Infrastructure. - 24 -