BIL 060 Draft 01 2006-2008 - Laserfiche WebLink

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Harry Kim Mayor County of Hawaii 25 Aupuni Street, Room 215 • Hilo, Hawaii 96720 (808) 961-8211 • Fax(808)961-6553 March 1, 2007 Pete Hoffmann, Chairman and Members of the Hawaii County Council Hawaii County Council 25 Aupuni Street Hilo, HI 96720 Dear Chairman Hoffmann and Council Members: As required by the Hawaii County Charter, submitted with this message is the proposed operating budget for the County of Hawaii for the fiscal year ending June 30, 2008. This balanced budget includes estimated revenues and appropriations of $359,100,000 and includes the operations of eleven of the County's special funds as well as the general fund. Preparation of the budget involves estimating costs such as debt service, retirement and medical insurance requirements, and obtaining estimated expenditures from departments. Departments were once again instructed to submit status quo spending plans that included inflationary increases. Additional needs were submitted in the form of supplemental budget requests. Funding decisions for these requests were based on how well they addressed legal mandates, community needs, maintenance of public facilities and equipment, and project priorities of this administration. OVERVIEW This budget is $32,401,000, or 9.9%, more than the current year's budget. It reflects a 16.0% increase in real property tax revenues due to an increase in property values and no changes in our tax rates. The real property assessed valuations used are still preliminary figures and the values certified in April may vary from those assumed here. The final budget presented to you in May will be based on the final numbers. Major Expenditures. The following major expenditures are included in this budget proposal: • Public Access, Open Space, and Natural Resources Preservation Fund, $4,349,000. An initiative that the voters passed in November 2006 amended the Hawaii County Code by requiring that 2% of all Hawaii County real property tax collected annually �"4°� Comm. No, (_I - Ref. To: Ref. Date447 Dixie Kaetsu Managing Director Barbara Kossow Deputy Managing Director c t7 �" o r a CM As required by the Hawaii County Charter, submitted with this message is the proposed operating budget for the County of Hawaii for the fiscal year ending June 30, 2008. This balanced budget includes estimated revenues and appropriations of $359,100,000 and includes the operations of eleven of the County's special funds as well as the general fund. Preparation of the budget involves estimating costs such as debt service, retirement and medical insurance requirements, and obtaining estimated expenditures from departments. Departments were once again instructed to submit status quo spending plans that included inflationary increases. Additional needs were submitted in the form of supplemental budget requests. Funding decisions for these requests were based on how well they addressed legal mandates, community needs, maintenance of public facilities and equipment, and project priorities of this administration. OVERVIEW This budget is $32,401,000, or 9.9%, more than the current year's budget. It reflects a 16.0% increase in real property tax revenues due to an increase in property values and no changes in our tax rates. The real property assessed valuations used are still preliminary figures and the values certified in April may vary from those assumed here. The final budget presented to you in May will be based on the final numbers. Major Expenditures. The following major expenditures are included in this budget proposal: • Public Access, Open Space, and Natural Resources Preservation Fund, $4,349,000. An initiative that the voters passed in November 2006 amended the Hawaii County Code by requiring that 2% of all Hawaii County real property tax collected annually �"4°� Comm. No, (_I - Ref. To: Ref. Date447