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April 5, 2024, HSAC Meeting Minutes Page I 11 `,SpTEAsso <br /> 9 SA 0- <br /> BILL 3335, SENATE DRAFT 1, RELATING TO CANNABIS," <br /> which was approved by the Kauai County Council on March 13, 2024. <br /> Received. <br /> 3. HSAC 2024 Proposed Budget submitted by Treasurer Tommy Waters, City and <br /> County of Honolulu,for discussion and approval. <br /> CM Tommy Waters: Review of the following justifications and discussion on reasons for the <br /> updates or changes made to the HSAC budget for the next fiscal year. <br /> HSAC Budget Justifications <br /> FY 2024-2025 <br /> 1. Beginning Balance will be determined at the close of the Fiscal Year. As of <br /> March 8, the account balance was$223,368.91. <br /> 3. Membership Fees will remain the same. <br /> 4. NACO Dues will remain the same. <br /> 5. Event income (Annual conference): $100,000, divided by 4 = $25,000 from <br /> each county. <br /> • The title for this line item is amendment from "Conference income" to "Event <br /> income" allowing for HSAC to host other types of revenue generating events throughout <br /> the year. <br /> • The host county is primarily responsible for generating conference revenue. Other <br /> counties are encouraged to support via sponsorship, the golf tournament, registration <br /> or by hosting another fundraising event. <br /> 6. Interest Income remains$30. <br /> 8. NACo Prescription Drug Marketing Program: Increase due to a new contract <br /> that was signed in the last fiscal year which is now bringing in revenue to HSAC. <br /> 12. EC Travel is$21,800. <br />