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Page 27 <br />1 just we don't actually -- you know, the July lst budget <br />2 for next fiscal year hasn't opinion approved yet, so <br />3 we're still working on that. <br />4 MR. HARANO: Yeah. Well, let's say it's <br />5 effective July lst. Then the money that was -- this <br />6 rainy day fund that's in the budget year -ending <br />7 June 30, '18, that -- I assume what is not spent goes <br />8 back into the General Fund, correct? <br />9 MS. SAKO: Right. So that becomes our fund <br />10 balance, which is one of the revenue items that we <br />11 utilize in the following year. <br />12 MR. HARANO: And will that specifically be <br />13 that rainy day fund for salaries, wages? <br />14 MS. SAKO: We don't necessarily designate <br />15 that it's for salaries and wages. We have to have our <br />16 revenues match our expenditures; so we come up with all <br />17 the expenditures that we have to have. We come up with <br />18 our revenue sources. And then it becomes a balancing <br />19 act, if we need to trim or we need to increase revenues <br />20 or what the process is. But we're still early in the <br />21 process. You know, they're still working on things <br />22 like real property tax values. The legislature is <br />23 still meeting. So I don't know what may come out of <br />24 that. Last year there were a lot of cost items that <br />25 came out of that for us that impacted the County. <br />ISLAND COURT REPORTING & TRANSCRIPTION SERVICES <br />(808) 933-9800 <br />