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William P. Kenoi <br />Mayor <br />October 14, 2011 <br />County <br />Finance <br />25 Aupuni Street, Suite <br />(808) 961-8234 <br />Members of the Hawaii County Council <br />Hawaii County Council <br />25 Aupuni Street <br />Hilo, Hawaii 96720 <br />of Hawaii <br />Department <br />2103 • I -Lilo, Hawaii 96720 <br />• Fax(808)961 -8569 <br />Re: Fund Balance Notification for June 30, 2011 <br />Nancy E. Crawford <br />Director <br />Deanna S. Sako <br />Deputy Director <br />I am very pleased to notify the Hawaii County Council that tight restrictions on hiring, <br />overtime, purchases and other expenses have allowed the County of Hawaii to realize a <br />fund balance of $24.682 million as of June 30, 2011. <br />Pursuant to Hawaii County Code Section 2 -12.4, the required fund balance information is <br />as follows: <br />Fund Balance <br />Fund Balance Designated for Future Year <br />Total Budgetary Fund Balance, June 30, 2011 <br />$10,746,306.72 <br />13,936,000.00 <br />$24,682.306.72 <br />As you know, this unusually large fund balance is all the more exceptional because it <br />comes during the third consecutive year of budget cuts. Expenditures were lower than <br />expected in many cases due to extensive sacrifices made by the departments throughout <br />the fiscal year. <br />It is also a testament to the successful efforts of the administration's Personnel Review <br />Committee, which scrutinized hiring requests and generated most of the savings. Equally <br />important was the work of the Expenditure Review Committee, which reviewed <br />departments' requests to buy equipment or enter into contracts for professional services. <br />Hawaii County is an Equal Opportunity Provider and Employer <br />Comm. No. 43 <br />Ref. To: Fa <br />Ref. Dote OCT 1 7 2011 <br />