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<br /> <br /> <br /> <br /> <br /> REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> <br /> DATE: December 15, 2009 Re: Comm. No. 644/Res 285-09 <br /> PLACE: Sheraton Keauhou Bay Resort and Spa <br /> 78-128 `Ehukai Street <br /> Kailua-Kona, Hawaii <br /> TIME: 11.47 a.m. <br /> <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> <br /> Your Committee on Finance, to which was referred Resolution No. 285-09, reports as follows: <br /> <br /> Resolution 285-09, transmitted by Council Member Dominic Yagong, via Communication <br /> No. 644, dated December 2, 2009, requests the Mayor to transfer allocation of all County funded <br /> vacant positions throughout the County of Hawaii into the budget stabilization fund, account <br /> number 010.801.5801.53.341. <br /> <br /> Council Member Yagong said the goal of this resolution is to make it transparent how much <br /> money is available in the vacant positions by putting it into the budget stabilization fund. <br /> <br /> Finance Director Nancy Crawford said the budget stabilization fund has special restrictions <br /> making it difficult to use the funds to deal with emergencies. It requires a finding by the Director <br /> of Finance that there has been a specific reduction in anticipated revenue and the funds are <br /> necessary to prevent a reduction in services. <br /> <br /> She said vacancies have increased with the restrictions on hiring implemented by the Mayor. <br /> While some funds may be used for overtime and temporary assignment expenses, the actual <br /> overtime cost have been greatly reduced in the first five months of this fiscal year. Year to date, <br /> there have been zero transfers from a salary & wage account to a non- salary & wage account. <br /> The funds resulting from these stringent expenditure reductions will build fund balance and carry <br /> over to next year's budget. <br /> <br /> In response to a question from Council Member Enriques, Ms Crawford said based on annual <br /> salaries and excluding uniformed police, fire and ocean safety officers (not support staff) and <br /> special funded positions, funded vacancies approximate 125 positions and $4 million. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> FC Rept. No. 131 <br />