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Comprehensive Annual Financial Report 2020
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Comprehensive Annual Financial Report 2020
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3/16/2021 3:11:22 PM
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With the COV1D-19 pandemic plaguing not only our nation but the entire world, the <br />County is preparing to deal with the fiscal and economic impact that will continue to <br />impact our island beyond the upcoming fiscal year of 2021. Concerns in the area of <br />increasing unemployment, ability of businesses to continue to operate, fulfilling the basic <br />needs of the island citizens and working to protect the population will impact the budget. <br />The County administration will continue to monitor the effects of the pandemic and plan <br />accordingly to prepare for the tough decisions that will need to be made regarding the <br />health and safety of the people. <br />These factors were considered in preparing the County's budget for the 2021 fiscal year. <br />At the end of the current fiscal year, unrestricted fund balance in the general fund was $61.4 <br />million. The County has appropriated $30.5 million of this amount for spending in the 2021 <br />fiscal year budget and the majority is included in the assigned portion of the fund balance. <br />REQUESTS FOR INFORMATION <br />This financial report is designed to provide a general overview of the County's finances for all <br />those with an interest in the government's finances. Questions concerning any of the information <br />provided in this report or requests for additional information should be addressed to the Director <br />of Finance, County of Hawaii, 25 Aupuni Street, Suite 2103, Hilo, Hawaii 96720. <br />-24- <br />
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