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Honorable Members of the Hawai`i County Council <br /> March 1, 2017 <br /> Page 3 <br /> REVENUE CHANGES <br /> The major changes in projected revenues are as follows: <br /> Real Property Tax. Real property tax revenues are expected to increase by 5.9%, or <br /> $15.6 million, due to new construction and an increase in taxable values. <br /> Public Utilities Franchise Tax. Decreased public utility revenues are expected to result in a <br /> decrease of$1.3 million, a reduction of 14.3% in franchise tax revenue. <br /> Intergovernmental Revenue. Increases in grant revenues of about $2.0 million reflect those <br /> grants we are aware of at this time. <br /> Fund Balance Carryover. This budget reflects $6.0 million less in carryover savings <br /> from the current year operations of all funds. <br /> EXPENDITURES BY FUNCTION <br /> The following table presents a summary of projected FY 2017-18 expenditures from various <br /> sources and the changes from the current budget: <br /> EXPENDITURES BY FUNCTION <br /> (Amounts in thousands) <br /> Increase <br /> (Decrease) <br /> Percent From Percent <br /> FY17-18 of FY16-17 Increase <br /> Function Amount Total Amount (Decrease) <br /> • <br /> General Government $47,294 10.0% ($2,757) -5.5% <br /> Public Safety 135,981 28.7% (3,232) -2.3% <br /> Highways & Streets 25,620 . 5.4% 166 0.7% <br /> Health, Education and Welfare 28,782 6.1% 1,058 3.8% <br /> Culture and Recreation 22,154 4.7% (23) -0.1% <br /> Sanitation and Waste Removal 44,815 9.4% (347) -0.8% <br /> Debt Service 48,630 10.2% 4,772 10.9% <br /> Pension&Retirement 53,255 11.2% 5,817 12.3% <br /> Health Fund 51,053 10.8% 5,901 13.1% <br /> Miscellaneous 16,415 3.5% (335) -2.0% <br /> • $473,999. 100.0% $11,020 2.4% <br />