2019-03-01 Letter to Aaron S.Y. Chung and Council Members transmitting Capital Budget for FY 2019-2020

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March 1, 2019 Page 2 the resulting total debt service is estimated at 8.0 percent of the general expenditures. If all debt that has been authorized by the County Council was issued, the debt service percentage would be 11.4 percent of the general expenditures. What is a Capital Improvement Project? A project is eligible for funding from the capital budget if it is a major nonrecurring expenditure, such as: 1. Land acquisition; 2. Infrastructure improvement other than buildings that add value to the land or improves utility (roads, drainage, sewer lines, parking, landscape or similar construction); 3. New buildings or structures or additions to buildings, including related equipment and appurtenances which are integral to the new structure; 4. Nonrecurring rehabilitation, remodeling or expansion of infrastructure and buildings; S. Planning, feasibility, engineering, or design studies related to capital improvement projects; 6. Information and communications technology infrastructure. Project Data/Financial Impact Statements Proposed capital projects are organized in sections by County agencies. The first document in each section is a Summary of Department Requests for FY 2019-2020. Following the Summary are the individual Project Data/Financial Impact Statements, which include information about the lead County agency, location, project description, Council benefit districts, project consistency with long range plans, impact on operating budget, sustainability focus, project readiness, etc. Fair Share Contributions A Fair Share Annual Report as of June 30, 2018 was submitted to the County Council on January 29, 2019. This document provides information on the total fair share contributions, appropriations, and funds available for capital improvements. At this time, there are two projects proposed to use fair share contributions. We have and will continue to strongly encourage the use of fair share contributions to fund capital projects when possible. We ask for your favorable consideration of this Capital Budget and Program. Aloha, cy-� LQ-� Harry Kim MAYOR County or Hawaii is an Equal Opportunity Provider and Employer.