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i <br /> I <br /> Mitchell D.Roth ®s�``v OF Deanna S. Saka <br /> Mayor �: <br /> ,I,tDirector <br /> Steven A.Hunt <br /> �rE•oF•Hr.A Deputy Director <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 <br /> (808)961-8234 • Fax(808)961-8569 <br /> October 15, 2021 <br /> Maile Medeiros David, Council Chair and <br /> Members of the Hawai`i County Council <br /> Hawai`i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 :X <br /> Re: Fund Balance Notification for June 30, 2021 <br /> Pursuant to Hawai'i County Code Section 2-12.4, I am transmitting the June 30, 2021, fund <br /> balance information: <br /> Fund Balance $20,581,980.32 <br /> Fund Balance Designated for Future Year 32,101,447.00 <br /> Total Budgetary Fund Balance, June 30, 2021 $52,683,427.32 <br /> The fund balance is primarily the result of expenditures in several areas being lower than <br /> expected due to the focus during the fiscal year being on the pandemic much of which was <br /> funded by CARES Act, careful spending by the departments, as well as cost items for collective <br /> bargaining being paid by the departments. In addition, collections for real property taxes were <br /> higher than expected. Another component of the fund balance is the unappropriated fund <br /> balance from the prior fiscal year. <br /> This fund balance will be helpful in meeting next year's budgetary needs. Balancing the fiscal <br /> year 2022-23 budget will continue to be challenging given the current economic climate as well <br /> as the need to once again pay our full OPEB obligation. <br /> Should you have any questions regarding this information, please feel free to contact me. <br /> 1. <br /> Deanna Sako <br /> Finance Director <br /> Comm. No. <br /> Ref. To: <br /> Hawaii County is an Equal Opportunity Employer and Providepef• Date—OCT 2021 <br />