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• An increase of$2.8 million(3 percent) in public safety expenditures due primarily to increases in expenditures for police($.6 million),fire($.8 million)and civil defense($1.6 million). Increases were noted in many of the grant-funded programs as well as in salaries and wages due to negotiated pay increases. The fund balance of the County's capital projects fund decreased by$24.7 million during the current fiscal year. The decrease is primarily due to the combined total of the fund's main revenue sources of bond proceeds($50.2 million),intergovernmental revenue($6.8 million), transfers in($4.0 million)and state revolving fund loan proceeds($.3 million)being less than capital expenditures($86.0 million)for the current fiscal year. Although the fund balance of the capital projects fund was$120.5 million at the end of the current fiscal year,the unreserved portion of the fund balance was a negative$20.1 million. This was due to a change in the County's procedures regarding the issuance of bonds,in that the County defers the issuance of bonds until the funds are actually needed even though the project will be allotted so that work may begin. The debt service funds,included in other governmental funds, have combined total fund balances of$22.8 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 $.7 million (3 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$700,676,and the unrestricted net deficit of the Ouli Ekahi Affordable Housing Project(Ouli Ekahi)amounted to $90,878. The net assets for Kulaimano decreased by$13,605 and the net assets for Ouli Ekahi increased by$13,202. 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 a$16.4 million increase in appropriations,of which$16.3 million is due to increases in the appropriations for capital and operating grants and contributions. Differences between the final budget and the actual(budgetary basis)resulted in$10.7 million less revenues than expected and$23.9 million less expenditures than appropriated. This is primarily due to the following factors: • $4.5 million negative variance in taxes and assessments revenue resulting from collections being less than expected. • $6.9 million negative variance in intergovernmental revenue,including$2.3 million in federal grants and$4.6 million in state grants. • $20.6 million is due to the increased efforts by each department to control costs during the budget year due to the tough financial situation facing the County. Amount consists primarily of variances in the following functions: general government($7.9 million),public -20 -