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Honorable Members of the Hawaii County Council <br />February 27, 2015 <br />Page 2 <br />The following table describes the budgeted expenditures for FY 2014-15 and the proposed <br />budget for FY 2015-16 for each fund: <br />OPERATING BUDGET BY FUND <br />(Amounts in thousands) <br />The following table presents a summary of projected FY 2015-16 revenues from various sources <br />and the changes from the current budget: <br />Source <br />REVENUES BY SOURCE. <br />(Amounts in thousands) <br />Percent <br />FY15-16 of <br />Amount Total <br />Increase <br />(Decrease) <br />From Percent <br />FY14-15 Increase <br />Amount (Decrease) <br />Real Property Tax <br />FY14-15 <br />FY15-16 <br />Increase <br />Percent <br />FUND <br />Budget <br />Proposed <br />(Decrease) <br />Change <br />General Fund <br />$318,571 <br />$330,489 <br />$11,918 <br />3.7% <br />Highway Fund <br />35,594 <br />36,698 <br />1,104 <br />3.1% <br />Sewer Fund <br />10,743 <br />12,232 <br />1,489 <br />13.9% <br />Cemetery Fund <br />10 <br />10 <br />0 <br />0.0% <br />Bikeway Fund <br />171 <br />213 <br />42 <br />24.6% <br />Beautification Fund <br />452 <br />489 <br />37 <br />8.2% <br />Vehicle Disposal Fund <br />3,655 <br />4,478 <br />823 <br />22.5% <br />Solid Waste Fund <br />26,768 <br />28,111 <br />1,343 <br />5.0% <br />Golf Course Fund <br />1,233 <br />1,336 <br />103 <br />8.4% <br />Geothermal Royalty Fund <br />1,700 <br />1,700 <br />0 <br />0.0% <br />Housing Fund <br />17,969 <br />18,862 <br />893 <br />5.0% <br />Geothermal Asset Fund <br />50 <br />50 <br />0 <br />0.0% <br />$416,916 <br />$434,668 <br />$17,752 <br />4.3% <br />The following table presents a summary of projected FY 2015-16 revenues from various sources <br />and the changes from the current budget: <br />Source <br />REVENUES BY SOURCE. <br />(Amounts in thousands) <br />Percent <br />FY15-16 of <br />Amount Total <br />Increase <br />(Decrease) <br />From Percent <br />FY14-15 Increase <br />Amount (Decrease) <br />Real Property Tax <br />$241,500 <br />55.6% <br />$7,400 <br />3.2% <br />Public Service Company Tax <br />10,340 <br />2.4% <br />0 <br />0.0% <br />Fuel Tax <br />7,390 <br />1.7% <br />60 <br />0.8% <br />Public Utilities Franchise Tax <br />11,579 <br />2.7% <br />532 <br />4.8% <br />Licenses and Permits <br />22,179 <br />5.1% <br />243 <br />1.1% <br />Revenue from Use of Money & Property <br />1,473 <br />0.3% <br />352 <br />31.4% <br />Intergovernmental Revenue <br />65,078 <br />14.9% <br />3,142 <br />5.1% <br />Charges for Services <br />23,963 <br />5.5% <br />1,156 <br />5.1% <br />Other Revenues <br />9,769 <br />2.3% <br />1,277 <br />15.0% <br />Fund Balance Carryover <br />41,397 <br />9.5% <br />3,590 <br />9.5% <br />$434,668 <br />100.0% <br />$17,752 <br />4.3% <br />