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The Honorable Chairman Gary Safarik <br />and Members of the County Council <br />Page 9 <br />March 1, 2005 <br />Sanitation and Waste Removal — Solid Waste operations increasing by $4.9 million due to <br />the cost of handling increased tonnage, improving compliance, expanding recycling, and <br />enhancing services. <br />Debt Service — The budget for debt service is based on our debt service schedule plus <br />$800,000 to cover any additional debt. <br />Pension & Retirement — Contribution to the Employees' Retirement System increasing by <br />$4.3 million as a result of Act 181, establishing the contribution as a percentage of covered <br />payroll. <br />Health Fund — The cost of providing medical coverage for our employees and retirees <br />continues to increase to $17.6 million. <br />Miscellaneous — Major expenditure changes include: <br />Transfer to Self - insurance Fund $1,000,000 <br />Transfer to Disaster & Emergency Fund 1,000,000 <br />Transfer to Capital Projects (Traffic Bldg- W/Hawaii) 1,500,000 <br />Increase for Sewer Fund's Replacement Fund Reserve 1,518,000 <br />CONCLUSION <br />As you can see from the above information, the projected increase in revenues will enable us <br />to commit more resources to improving services to residents of Hawaii County and <br />addressing the goals, priorities and responsibilities of the County government of Hawaii. <br />Due to the actions in past years that limited spending, raised taxes, deferred repairs and <br />equipment, the County was able to work through hard times without cutting down services <br />more than was necessary. We thank the County Council for all the actions taken that enabled <br />the County government to work through the hard times of the recent past. It is an extreme <br />pleasure to present this budget that reflects growth and positively addresses our needs rather <br />than the budgets of the last four years that were balanced only through cuts. <br />We welcome the opportunity to discuss this budget in further detail with you and thank you <br />very much for past support. <br />'o ' <br />Harry K <br />MAYOR <br />/61�� <br />Attachments <br />