2019-COH - Comprehensive Annual Financial Report

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• $2.9 million is due to lower than anticipated payments needing to be made in retirement related payments. With each department increasing efforts to control costs, overtime was also closely monitored and the corresponding pension expenditures were not incurred. $ l.3 million is due to the fact that the increase in health premiums for employees were lower than originally anticipated. �•r:►UIk". WI .RI 31 wall (111131:-]W.11)u110&111MAN111010 Capital assets. The County's investment in capital assets for its governmental and business -type activities as of June 30, 2419 amounts to $1.3 billion (net of accumulated depreciation). This investment in capital assets includes land and improvements, buildings and improvements, equipment, easements, and infrastructure assets, which consists of primarily roads and bridges. The total increase in the County's investment in capital assets for the current fiscal year was 1 percent. Major capital asset events during the current fiscal year included the following: ■ Construction continued on the Kalaniana`ole Avenue Reconstruction; construction in progress as of the end of the current fiscal year had reached $3.5 million with $2.3 million coming from the current fiscal year, • Construction continued on the Mamalahoa Highway Widening; constrtEction it] progress as of the end of tile current fiscal year had reached $8.0 iniIIion with $6.5 million coming from the current fiscal year. • Construction continued oil the Office of the Prosecuting Attorney; construction in progress as of the end of the current fiscal year had reached $7.1 million with $6.2 million coming from the current fiscal year. • Construction continued on the Hawaii County Radio System Upgrade project; construction in progress as of the current fiscal year had reached $12.1 million with $1.4 million coming from the current fiscal year. ■ Construction continued on the Kawailani Street Improvements (`Iwalani to Pohakulani); construction in progress as of the end of the current fiscal year had reached $19.2 million with $8.9 million coming from the current fiscal year; project was transferred to Infrastructure. • Construction continued on the Kealakehe Wastewater Treatment Plant R-1 Upgrade project; construction in progress as of the end of the current fiscal year had reached $4.4 million, with $2.6 million coming from the current fiscal year. ■ $8.2 million of dedicated roads were received by the County in the current fiscal year. -24-