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J�<V Of of <br /> William P.Kenoi `P �,�,;,° Nancy E. Crawford <br /> Mayor Director <br /> Deanna S. Sako <br /> +'�>i wq• r�` Deputy Director <br /> Oi N i' <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 /> C7 <br /> April 14, 2014 C=C:) <br /> J Yoshimoto Council Chair and <br /> Members of the Hawaii County Council z-) <br /> Hawaii County Council ]>M <br /> 25 Aupuni Street 45- D;K <br /> Hilo, Hawaii 96720 <br /> Re: Operating Budget <br /> Pursuant to Sections 10-15 and 10-16 of the County Charter, 2% of real property tax revenues, <br /> (including penalty and interest) must be transferred from the General Fund to the Public <br /> Access/Open Space, and Natural Resources Preservation (PONC) Fund, and .25% of these tax <br /> revenues must be transferred to the Public Access/Open Space, and Natural Resources <br /> Preservation Maintenance Fund. Real property tax interest revenues are expected to exceed the <br /> amount budgeted for FY 2013-14, requiring additional funds be transferred into the PONC and <br /> PONC Maintenance accounts in order to maintain compliance. <br /> Enclosed is a bill for an Ordinance amending the Operating Budget by appropriating $175,000 to <br /> the Public Access/Open Space, and Natural Resources Preservation Fund, and $25,000 to the <br /> Public Access/Open Space, and Natural Resources Preservation Maintenance Fund. <br /> If there are any questions, please do not hesitate to call Kay Oshiro of the Finance Department at <br /> 961-8425. <br /> Nancy Crawford <br /> Director of Finance <br /> Enc. <br /> < ;LLi <br /> Comm. No. 92-q <br /> Hawaii County is an Equal Opportunity Provider and Employer Ref.To: =C- <br /> PC-r, DrIf- APK14 2014 <br />