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Honorable Pete Hoffmann <br />Page 2 <br />May 4, 2007 <br />Sale of Real Property — Added $1,000,000 for the sales of two properties in North <br />Kona. <br />Fund Balance Carryover — Updated carryover projections with increases to the <br />General Fund, $4,000,000 to reflect Other Post Employment Benefits (OPEB) not <br />paid in current year; and the Highway Fund, $617,410. <br />Major Changes to March 1 2007 Estimated Expenditures <br />General Fund <br />• Vehicle Registration and Licensing Division — $275,000 for office lease and <br />furnishings, Parker Ranch Center. <br />• Research and Development — $120,000 for office lease in Hilo. <br />• East and West Hawaii Drainage Improvements — $200,000. <br />• OPEB (Other Post Employment Benefits) — $4,000,000 for increase in anticipated <br />and required payment. <br />• Budget Stabilization Fund — Reduced by $3,000,000 to meet other immediate needs. <br />• Health Care — $50,000 to address health care crisis. <br />• Fire Station Furnishings — $86,000 for beds, stoves, refrigerators. <br />• Kona Ballfield — $25,000 for repairs. <br />• Americans with Disabilities Act - $50,000 for mandated funding for modifications <br />and accommodations. <br />• Aunty Sally's Luau Hale Repairs — Reduced by $80,000 since some repairs were <br />done this year and other repairs can be delayed. <br />• Access Lifts at Pools — Reduced by $45,000 since lifts are operational and <br />replacement is not a necessity at this time. <br />• Police Evidence Storage Warehouse — $100,000 to lease warehouse temporarily <br />while repairs are made to existing warehouse. <br />• Police Cadet Program Scholarships — $100,000 for scholarships. <br />• Captain Cook Police Substation — $50,000 for repairs. <br />• Transfer to Capital Projects Fund — $1,000,000 for South Kona Police Station land <br />acquisition. <br />Housing Fund <br />• Housing Voucher Rental Subsidy Payments — $999,800 due primarily to <br />additional amount received. <br />Highway Fund <br />• Traffic and Highways Division Equipment — $200,000 for vehicles and <br />construction equipment. <br />Traffic Contracts — $150,000 for traffic counts, signal timing, warrant studies, etc. <br />Traffic Contracts — $150,000 for as-builts striping plans. <br />Signals and Signs and Markings Material — $57,244. <br />