2010-07-30 Cost of Government Commission Minutes

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We have footnotes. And there’s a green divider tab. And any of the smaller funds are actually the list that’s starting on page 86. You can see what the funds are, highway funds, sewer funds, solid waste fund, cemetery funds, parking meter fund, vehicle disposal fund, workforce investment act fund, golf course fund, geothermal relocation and community benefits fund, which primarily benefits the district of Puna, beautification fund, housing agency, and park dedication fund, as well as our interest and bond redemption funds. So these are just a few of our special revenue funds. That was just a quick overview of our CAFR for those of you that enjoy reading financial statements. The Finance Department is more that willing to help throughout the course of your commission. So if you ever have any questions, any special reports run, we’ll do our best to accommodate those needs. And now if you have questions on anything related to what I talked about, or anything from the Finance Department, feel free to ask. MS. NICHOLSON: I have a question. So you said that there’s not a payroll lag. MS. SAKO: There is no lag. MS. NICHOLSON: In other words, if you worked yesterday, you’re going to get paid if today is payday? You worked yesterday, you’re going to get paid today? MS. SAKO: Yes, for your base salary. We are the only county that does not have a lag. And we are looking into it hopefully to help payroll operations run smoother. But right now it’s working out fine so we’re sticking with the way we do it. MS. NICHOLSON: Any other questions for Deanna Sako? MS. O’HARA: On the Special funds. I’m familiar with some of the funding sources but not all of them. Maybe you could just explain quickly where the funds come from so that we understand that. MR. ARMOUR: What page are you on? MS. O’HARA: Page 86. MS. SAKO: In think in terms of source of funds if you turn to page 90. It’s kind of statement of revenue, expenditures and changes in fund balance. But the fuel tax that the County collects when you buy gasoline at the gas stations goes completely to highway fund for them to maintain our roads. Part of that fuel tax money is also going to the capital project fund for repaving of roads as well. Another live source of revenue for the highway fund is the public utilities franchise tax such as HELCO would pay a percentage of the revenues. Licenses and permits as well. Then any time you see intergovernmental, that’s basically grants from either the federal or state government. Sewer Fund, their largest source of revenue is charges for services which would be sewer fees, the monthly bills that people on the sewer system have to pay. Same thing for Solid Waste Fund – they have $9.4 million from basically tipping fees or charges for services. They have some grant money as well. In their case, if you were to follow the Solid Waste fund column down on page 90, near the bottom, you would see that they actually have expenditures for greater than the revenue they bring in from their tipping 9