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' tY Os k• <br /> Harry Kim "•• <br /> oM.;•_ .yt,.,.,:'. Deanna S. Sako <br /> • . � <br /> Mayory: 44 Director <br /> • .Ion._ <br /> �rE <br /> OF M. CD CD <br /> 8 <br /> •i• ---a --i, <br /> County of Hawaii ..� . ,-- <br /> c3-‹ <br /> Finance Department -rz <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 x- <br /> (808)961-8234 • Fax(808)961-8569 .aa. <br /> October 13, 2017 <br /> Valerie Poindexter, Council Chair and <br /> Members of the Hawai'i County Council <br /> Hawai'i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawai'i 96720 <br /> • <br /> Re: Fund Balance Notification for June 30, 2017 <br /> Pursuant to Hawai'i County Code Section 2-12.4, I am transmitting the June 30, 2017, fund <br /> balance information: <br /> Fund Balance $ 88,925.32 <br /> Fund Balance Designated for Future Year 20,234,681.00 <br /> Total Budgetary Fund Balance, June 30, 2017 $20,323,606.32 <br /> The fund balance was the net result of revenues, such as public service company tax, being less <br /> than budgeted, and expenditures in several areas being lower than expected due to careful <br /> spending by the departments. Another component of the fund balance is the unappropriated fund <br /> balance from the prior fiscal year. <br /> This fund balance will be helpful in meeting next year's budgetary needs. Balancing the fiscal <br /> , year 2018-19 budget will continue to be challenging given the current economic climate. <br /> Should you have any questions regarding this information, please feel free to contact me. <br /> Deanna Sako <br /> Finance Director <br /> Comm. No. 539 ®. <br /> Ref. To: 76 <br /> Ref. Date OCT 1 3 Ni? <br /> Hawai'i County i,an Equal Opportunity Employer and Provider <br />