REP FC 092 04/17/2007 2006-2008 - Laserfiche WebLink

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Communication No. 193 Bill No. 60 Page -8- Sanitation and Waste Removal -Expenditures aze increasing by $3.6 million as a result of: • Solid Waste Division -Increased operating expenses, $1.4 million. -Additional equipment, $671,000. -Increased recycling efforts, $467,000. • Wastewater Division -Increased operating expenses, $452,000. Debt Service -Expenditures aze increasing by $6.1 million primarily due to: • Debt Service -Current requirements plus projected $25 million new issue. Pension and Retirement -Expenditures are increasing by $2.3 million primarily due to: • ERS/FICA -Increase in employees and wages. Health Fund -Expenditures are increasing by $4.7 million primazily due to: • GASB 45 reserves -Increased estimated requirement for Other Post Employee Benefit by $4 million. Miscellaneous -Expenditures aze increasing by $13.5 million primarily due to: • Provision for Collective Bargaining Increases, $6.25 million • Increased Sever Fund Replacement Reserve Repairs, $1.6 million • Increased Public Safety Disaster/Emergency Account, $350,000. • Increased transfer to Budget Stabilization Fund, $3.0 million. • Provided for transfer of 2% of real property taxes to Public Access, Open Space and Natural Resources Preservation Fund, $4.349 million. • Increased transfer to Disaster/Emergency Fund, $1.0 million. Your Committee originally reviewed the Operating Budget in conjunction with departmental program reviews on March 28 through March 31, 2007. Pursuant to Section 10-4, Hawaii County Chazter, the Council also conducted public hearings on the proposed FY2007-08 Operating and Capital Budgets in Kona on Mazch 19, 2007, and in Hilo on March 21, 2007. Upon review of the Mayor's amended budget submittal on May 5, 2007, the Council may propose amendments as necessary. FC REPORT NO. 92