2007 CAFR Part 1 - Laserfiche WebLink

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($1.2 million),building maintenance($1.5 million)and engineering($1.2 million). Increases were noted in flood mapping as well as in salaries and wages due to negotiated pay increases and an increase in the number of positions. • An increase of$8.8 million(11 percent)in public safety expenditures due primarily to increases in expenditures for police($2.9 million),fire($4.8 million)and prosecuting attorney($0.7 million). Increases were noted in many of the grant-funded programs as well as in salaries and wages due to negotiated pay increases. • An increase of$2.3 million(16 percent)in culture and recreation expenditures due primarily to increases in expenditures for the new West Hawaii golf program($0.7 million)and park maintenance($1.0 million). In addition to the new West Hawaii golf program,increases were noted in salaries and wages due to negotiated pay increases. The fund balance of the County's capital projects fund increased by$64.8 million during the current fiscal year. The increase is primarily due to the fund's main revenue sources of intergovernmental revenue($2.7 million),transfers in($15.4 million), state revolving fund loan proceeds($6.3 million)and bond proceeds($85.0 million)combining to exceed capital expenditures($48.0 million)for the current fiscal year. The debt service funds,included in other governmental funds,have combined total fund balances of$18.8 million,all of which is reserved for the payment of debt service. The net increase in the combined fund balances during the current year in the debt service funds was$2.0 million(12 percent). Proprietary funds The County's proprietary funds provide the same type of information found in the government-wide financial statements,but in more detail. Unrestricted net assets of the Kulaimano Elderly Housing Project(Kulaimano)at the end of the year amounted to$763,983,and the unrestricted net deficit of the Ouli Ekahi Affordable Housing Project(Ouli Ekahi)amounted to$127,227. The net assets for Kulaimano decreased by$102,235 and the net assets for Ouli Ekahi decreased by$80,530. Other factors concerning the finances of these two funds have already been addressed in the discussion of the County's business-type activities. GENERAL FUND BUDGETARY HIGHLIGHTS Differences between the original budget and the final amended budget were primarily the result of an$11.1 million increase in appropriations and an$9.3 million increase in transfers out and can be briefly summarized as follows: • $11.1 million in increases due to the appropriation of higher than expected fund balance to be used in the year's operations. • $8.8 million in increases due to the appropriations for capital and operating grants and contributions. • $7.2 million increase in transfer out to the capital projects fund to help cover costs relating to damages from our October 2006 earthquake and$1.6 million increase in transfer to public access,open space,and natural resources preservation fund due to an ordinance passed by the voters in November 2006 to transfer two percent of real property taxes collected to this fund. Differences between the final budget and the actual(budgetary basis)resulted in$1.8 million less revenues than expected and$20.4 million less expenditures than appropriated. This is primarily due to the following factors: -20-