Comprehensive Annual Financial Report 2019

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0 $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, 0 $1.3 million is due to the fact that the increase in health premiums for employees were lower than originally anticipated. CAPITAL ASSET AND DEBT ADMINISTRATION Capital assets. The County's investment in capital assets for its governmental and bLISilleSS-type activities as Of June 30, 2019 arnounts to $1.3 billion (net of accumulated depreciation). This investment in capital assets includes land and improvements, buildings and i in prove rnents, equipment,easements, and infrastructure assets, which consists of primarily roads and bridges. The total increase in the COL111ty'S investment in capital assets for the current fiscal year was I percent. Major capital asset events during the current fiscal year included the following: 0 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, 0 Construction Continued on the Marnalahoa Highway Widening; construction in progress as of the end of the Current fiscal year had reached $8.0 million with $6.5 million corning from the Current fiscal year. 0 Construction Continued oil the Office of tile Prosecuting Attorney; construction in progress as of the end of the Current fiscal year had reached $7.1 million with $6.2 million coming frorn the current fiscal year, 0 Construction continued on the Hawai'i County Radio Systern Upgrade project; construction in progress as of the current fiscal year had reached $12.1 million with $1.4 million corning from the Current fiscal year. 0 Construction continued on the Kawailani Street Improvements('1walani to Pohakulani); construction in progress as of the end of the current fiscal year had reached $19.2 million with $8,9 million corning from the current fiscal year; project was transferred to Infrastructure, 0 Construction Continued on the Kealakehe Wastewater Treatment Plant R-1 Upgrade project; construction in progress as of tile end of tile Current fiscal year had reached $4.4 million, with $2.6 million coming from the Current fiscal year, 0 $8.2 million of dedicated roads were received by the County in the current fiscal year. - 24 -