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DATE: April 30, 2013 <br />PLACE: Council Chambers <br />Kona, Hawai i <br />TIME: 1:00 P.M. <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />REPORT OF THE <br />COMMITTEE ON FINANCE <br />Re: Comm. No. 150 /13ill No. 39 <br />Your Committee on Finance, to which was referred Bill No. 39, reports as follows: <br />Bill No. 39, transmitted by Mayor William P. Kenoi, via Communication 150 dated February 28, <br />2013, submits for consideration the proposed Operating Budget for the County of Hawaii for the <br />Fiscal Year July 1, 2013 to June 30, 2014. This balanced budget includes estimated revenues and <br />appropriations totaling $370,778,473 (Part I- Volume I), and includes the operations of eleven of the <br />County's special funds as well as the General Fund. This budget is 8.0 percent less than the budget in <br />effect when Mayor Kenoi's administration took office in 2008. This proposed balanced budget does <br />not require any increase in property taxes. <br />The Mayor's budget message discusses highlights of the operating revenues and expenditure <br />proposals. It attaches informational tables comparing 1) budgeted expenditures for FY 2012 -13 and <br />proposed for FY 2013 -14 for each fund; 2) a summary of projected FY 2013 -14 revenues from <br />various sources and the change in those from the current budget; and 3) a summary of projected FY <br />2013 -14 expenditures and the change in those from the current budget. Also listed are significant <br />changes to operating expenditures in several categories. <br />Also submitted is the Operating Budget Proposal (Part I, Volume II), which describes the <br />departments and their programs, program objectives, highlights, program measures, expenditures, and <br />positions. <br />Additionally, Communication No. 150.1 from Mayor William P. Kenoi, dated February 28, 2013, <br />transmitts a booklet containing reports titled Six Month Progress Report on Program Objectives.for <br />FY 2012 -13 and Final Status Report on Program Objectives for FY 2011 -12. These reports provide <br />information to the Council to assist in the evaluation of program accomplishments during the first six <br />months of the current fiscal year and for the previous 2011 -12 fiscal year. <br />The highlights of the operating revenue proposal are as follows: <br />• Real Property Tax — Real property tax revenues are expected to increase by 1.2 %, or <br />$2.4 million, due to an estimated 1.0% rise in taxable values and a slight increase in interest <br />payments. <br />FC Report No. 64 <br />