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<br /> Communication 717
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<br /> Bi11235
<br />
<br /> Page 6
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<br /> Ouli Ekahi Hsg Fund 157,633 254,162 283,332 29,170 11.48
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<br /> Geothermal Assel Fund 1,901 50,000 50,000 - -
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<br /> Total Other Fund 56,940,089 70,161,397 77,104,924 6,943,527 9.90
<br /> Expenditures
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<br /> Tolal Funds 258,554,040 297,608,515 331,009,854 33,401,339 11.22
<br /> Less: Inter-Fund Transfers 13,559,683 14,933,562 1,373,899 10.13
<br /> Net Expenditures 284,048,832 316,076,272 32,027,440 11.28
<br /> Your Committee originally reviewed the Operating Budget in conjunction with departmental
<br />
<br /> program reviews on Mazch 29 through Mazch 31, 2006. Pursuant to Section 10-4, Hawaii
<br /> County Charter, the Council also conducted public heazings on the proposed FY2005-06
<br /> Operating and Capital Budgets in Hilo on March 16, 2006, and in Kona on March 22, 2006.
<br /> During the budget review, Managing Director Dixie Kaetsu restated the Mayor's budget message
<br /> that reflects some of the lessons learned in both hardship and prosperity:
<br /> • As the County strive to "catch up and keep up" with maintenance, repairs, and services
<br /> throughout the island, the County must also set funds aside for future needs and prepare
<br /> for economic uncertainties.
<br /> • The County must constantly seek ways to preserve the quality of life of our residents
<br /> through affordable and accessible housing, transportation, recreation, public safety, and
<br /> other County services.
<br /> • The County must balance our desire to fully meet the service expectations of our
<br /> residents, with the need to keep the growth of government and property taxation within
<br /> reasonable limits.
<br /> Upon review of the Mayor's amended budget submittal on May 5, 2005, the Council may
<br /> propose amendments as necessary.
<br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 235 and
<br /> recommends that it pass first reading.
<br /> smc
<br /> AYES NOES A&E EX Respectfully submitted,
<br /> ARAKAKI x
<br /> RIGA x COMMITTEE ON FINANCE
<br /> HOFFMANN x
<br /> HOLSCHUH x I
<br /> IKEDA x ~ ~ „ _ ~
<br /> ISBELL X V"~~'`--
<br /> aACOSSOrv x VIR NIA ISBELL, CHAIR
<br /> FILACO x FC REPORT NO. 287
<br /> SAFARIK x aDOrTED: MAY 1 7 2006
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