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MAYOR MATAYOSHI : No, it will not be defeating <br /> the purpose at all. Because now you will be short funded for <br /> capital programs. They have been operational. Now you are <br /> talking about all these people who are operational accounts. <br /> They are not funded debt. . . <br /> MR. OMONAKA: Under the present concept the <br /> water department cannot operate beyond its operations revenue. <br /> MAYOR MATAYOSHI : That ' s right. It cannot. <br /> Unless you go deficit financing and I don ' t think anyone would <br /> want to go deficit financing. And I doubt very much whether <br /> we would ever go into deficit financing in the water anyway. <br /> Even in the highway system, we have always been trying to <br /> keep that up, Akira. The only one that we have not been able <br /> to do and bring it up, because the capital investment is so <br /> heavy and the use is not as much, is the sewer system. And <br /> I recognize there are other problems there, too, with <br /> collections but other than that, that is the only area. <br /> Highway fund which I am going to make that more self-sufficient <br /> by a weight tax increase, gasoline tax increase. . . .it becomes <br /> self-sufficient, too. The parking meter, the only thing is <br /> if I say increase that. . .the penny is getting to be a historic <br /> monument, with the penny nobody wants to change it. So we <br /> will probably have penny meters forever. It is kind of an <br /> attraction , too. So it can become, Akira, very self-sufficient. <br /> But that is what I am suggesting. `-If they say <br /> no, don ' t keep the money separate, put them all together. we <br /> can do that , too. But I think it is totally unwise. I think <br /> it would be nice to have a separate one. If, to put it <br /> together, there is prece;dence_ in the sense that, for instance, <br /> the police department in their licensing efforts. . .when you <br /> relicense you go in for a driver' s license and relicense and <br /> all. . .that money goes into a general fund. It is not earmarked <br /> for the police. The amount of revenues generated from fines <br /> does not go back to the police department, it goes to the <br /> judiciary under state. So when you look at it police-wise of <br /> all of the income they can generate from weight, from relicensing <br /> and so, if you can focus and put it into their accounts that <br /> would be like the water board. But they don ' t, they put it all <br /> in the pot. So if we are thinking the water board money should <br /> go directly into the pot, well. , you' ve got precedence to do <br /> that. The parks and recreation , when they charge people for <br /> the use of the gyms; and the pavilions and so on, those also <br /> do not have a special account. They put it all into the pot. <br /> All of these people do that too. You can ' t very well follow <br /> the same process but I was just thinking if it still is very <br /> much of a concern of people in terms of keeping moneys from the <br /> water board identity separate, then set up a special water <br /> account. <br /> MR. OMONAKA: Wouldn ' t there be a big difference? <br /> Because the policedepartment is not a department that can <br /> generate funds that can operate its department. But in the case <br /> of the water department, they get their revenues to operate the <br /> department. There is a big difference in terms of the example <br /> that you are giving. <br /> -23- <br />