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�+tr os <br /> ` ' : Phone: (808) 961 -8538 <br /> DOMlNIC YAGONG � , ( ) <br /> Council Member ,���,:;� /:, Fax: (808) 961 - 8912 <br /> District of Hamakua ' "` � - • Email: dyagong @co.hawaii.hi.us <br /> Hawai `i County Council <br /> County of Hawaii <br /> 25 Aupuni Street <br /> Hilo, Hawai `i 96720 <br /> = <br /> - r j <br /> Memorandum No. 16 <br /> To: Members of the County Council <br /> From: , Dominic Yagong, Council Chair <br /> Date: May 11, 2011 <br /> Subject: Proposed Amendment to Bill 29, Draft 2 <br /> Below for your consideration is a proposed amendment to Bill 29, Draft 2, regarding the <br /> operating budget. This proposed amendment would decrease expenditures in the Budget <br /> Stabilization Fund by $2,777,397 and increase the post- employment Benefits Expenditures by <br /> the same amount. <br /> The following amendment affecting appropriation(s) to the revenue account(s) and expenditure <br /> account(s) are reflected below: <br /> Proposed Budget Amendments <br /> General Fund <br /> 2011 -2012 Revised 2011 -2012 <br /> Account No. Acrn int Description Estimate Add/ (Reduce) Estimate <br /> Expenditures <br /> 010.801.5801.53 Tr to Budget Stabiliition Fund 2,777,397 (2,777,397) 0 <br /> 341 Msc. Charges 2,777,397 (2,777,397) 0 <br /> 1- IRS 10 BUIXET STABILIZATION FUND 2,777, 397 (2,777,397) 0 <br /> 010.901.5902.09 Post - employment Benefits 3,235,715 2,777,397 6,013,1 12 <br /> 341 Post - employment Benefits, Msc. Carges 3,235,715 2,777,397 6,013,112 <br /> 2 -GASB 45 PROVISION 3,205,715 2,777,397 5,983,112 <br /> Total Expenditure Adjustments 0 <br /> 4 <br /> • <br /> Comm. No. //1. <br /> Ref. To: e0 a: <br /> Ref. Date MAY 12 201E <br /> • <br />