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c. The effect of contracts deemed illegal as a result of the Supreme Court ruling on <br /> the County's Puuanahulu landfill in Kona should be taken into consideration. It is <br /> nnc-~rtaln as to what financial impact will be incurred by the ('ot my should the <br /> Legislature decide not to provide relief from that ruling. <br /> d. The possibility of a shortfall on the estimated undesignated fixnd balance should be <br /> considered. As pointed out above, the proposed budget has been balanced by the use <br /> of $15,800,000 from that account to be used as a revenue source. In the event that <br /> that level of funding is not realized or attainable, the County will have no choice but to <br /> cut expenditures. <br /> e. On the upside, the County may be provided relief should the Legislature decide to <br /> reduce the counties' required contributions to the State Employee Retirement System. <br /> <br /> Attached is a list which is intended to assist the Administration in identifying possible azeas <br /> <br /> of reduction in the unfortunate event that budget shorfalls, attributable to the above or <br /> other contigencies, aze realized. Such list was prepazed by comparing the proposed <br /> amount budgeted for FY 1997-1998 with the current yeaz-to-date expenditures in those <br /> same accounts. <br /> D. CAPITAL IMPROVEMENT BUDGET RECOMMENDATIONS <br /> The 1997-1998 Capital Improvement Budget includes 24 projects totalling $15,008,000. <br /> The Capital Improvement Budget is allocated among the following departments: <br /> Pazks & Recreation 925,000 <br /> Public Works 3,060,000 <br /> Fire Department 7,023,000 <br /> Police Department 4,000,000 <br /> Total 15,008,000 <br /> Such budget appeazs to place public safety as a priority. Your committee offers no <br /> recommendations relating to these items. <br /> Sincerely, <br /> Aaron S.Y. Chung, Chair <br /> Committee on Finance <br /> <br />