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�trw <br /> William Kenoi c: Nancy E.Crawford <br /> mayor 1' � i Director <br /> Deanna S. Sako <br /> Vie•°�o Deputy Director <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street, Suite 2103 • Hilo,Hawaii 96720 .] <br /> (808)961-8234 •`Fax(808)961-8569 <br /> C D <br /> November 7, 2012 <br /> Dominic Yagong Council Chair and <br /> Members of the Hawaii County Council <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> Re: Fund Balance Notification for June 30, 2012 <br /> As promised in my correspondence submitted October 15, 2012,we are transmitting the <br /> June 30, 2012, fund balance information pursuant to Hawaii County Code Section 2-12.4. <br /> The required fund balance information is as follows: <br /> Fund Balance $14,773,951.86 <br /> Fund Balance Designated for Future Year 18,003,150.00 <br /> Total Budgetary Fund Balance, June 30, 2012 $32.777.101.86 <br /> The fund balance was generated in part due to revenues that were higher than expected, <br /> including real property tax and public service company tax receipts. In addition, <br /> expenditures were lower than expected in some cases due to the extensive sacrifices <br /> made by the departments throughout the fiscal year. Another component of the fund <br /> balance is the unappropriated fund balance from the prior fiscal year. <br /> This fund balance will be instrumental in meeting next year's budgetary needs. Balancing <br /> the fiscal year 2013-14 budget will continue to be challenging given the current economic <br /> climate. <br /> Should you have any questions regarding this information please feel free to contact <br /> Deanna Sako, Deputy Director, or me. <br /> C64A4/64 <br /> Nancy rawford Comm. No. 9U:I 1 <br /> Ref.To:c C <br /> Director of Finance Ref. DateNnv n 9 7Q12 <br /> Hawaii County is an Equal Opportunity,Provider and Employer <br />