COM 0604.007 2010-2012 - Laserfiche WebLink

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Honorable Members of the Hawai`i County Council May 3,2012 Page 4 Though some items have changed from the March 1, 2012 budget submittal, this budget continues to represent this administration's commitment to reduce the cost of government and maintain core services to support and benefit our island community. The total budget decrease of an additional $173,329 consists of relatively minor adjustments throughout the budget that reflect operational changes or refined estimates since March. Fuel cost and self insurance estimates were carefully reviewed and it was determined that no changes were required. Discussion regarding significant items impacting the budget, as well as information on specific changes, follows. DETAILS Significant Changes to March 1,2012 Revenue Estimates General Fund • Real Property Tax — the tax calculation based on certified values is consistent with the amount estimated in March, so no changes were made. The real property tax interest estimate was reduced by $200,000 to reflect anticipated collections. • Public Service Company Tax — anticipated revenues were reduced by $142,400 based on revised estimates. Solid Waste Fund • Recycling— grant revenue for used oil and electronic waste recycling totaling $155,000 was added to the budget and county funding of those programs was reduced. Significant Chances to March 1,2012 Expenditure Estimates General Fund • Prosecuting Attorney — funding was increased by approximately $95,000 to support the Career Criminal Program,by supplementing reduced funding from grants and other sources. • Transfer to Solid Waste — subsidy to the fund has been reduced by $155,000. The Department of Environmental Management is anticipating grant funding for certain recycling programs, so county funding was reduced. • Health Benefits — based on current information from EUTF an adjustment was made to reduce cost estimates by$95,000. • Retirement Benefits — based on updated estimates the budget for retirement benefits was reduced by $125,000. Position Changes from March 1,2012 Budget Proposal There were no additional changes to the March budget submittal.