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Comprehensive Annual Financial Report 2016
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Comprehensive Annual Financial Report 2016
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3/14/2017 10:30:26 AM
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the past. The organization anticipates that all islands in the state will experience "high <br />single -digit or low double-digit construction job growth this year. <br />These factors were considered in preparing the County's budget for the 2017 fiscal year. <br />At the end of the current fiscal year, unrestricted fund balance in the general fund was $39.1 <br />million. The County has appropriated $26.4 million of this amount for spending in the 2017 <br />fiscal year budget and the majority is included in the assigned portion of the fund balance. <br />This amount differs from the amount shown on the Governmental Funds Balance Sheet as <br />assigned to subsequent year's budget due to a reclassification of a negative $5.1 million in the <br />unassigned find balance. The amount appropriated in the 2017 fiscal year budget is based on a <br />different accounting basis and different set of accounting principles than those used in preparing <br />the Governmental Funds Balance Sheet. <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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