HomeMy WebLinkAboutCOM 0462.000 2020-2022 i
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Mitchell D.Roth ®s�``v OF Deanna S. Saka
Mayor �:
,I,tDirector
Steven A.Hunt
�rE•oF•Hr.A Deputy Director
County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
October 15, 2021
Maile Medeiros David, Council Chair and
Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawaii 96720 :X
Re: Fund Balance Notification for June 30, 2021
Pursuant to Hawai'i County Code Section 2-12.4, I am transmitting the June 30, 2021, fund
balance information:
Fund Balance $20,581,980.32
Fund Balance Designated for Future Year 32,101,447.00
Total Budgetary Fund Balance, June 30, 2021 $52,683,427.32
The fund balance is primarily the result of expenditures in several areas being lower than
expected due to the focus during the fiscal year being on the pandemic much of which was
funded by CARES Act, careful spending by the departments, as well as cost items for collective
bargaining being paid by the departments. In addition, collections for real property taxes were
higher than expected. Another component of the fund balance is the unappropriated fund
balance from the prior fiscal year.
This fund balance will be helpful in meeting next year's budgetary needs. Balancing the fiscal
year 2022-23 budget will continue to be challenging given the current economic climate as well
as the need to once again pay our full OPEB obligation.
Should you have any questions regarding this information, please feel free to contact me.
1.
Deanna Sako
Finance Director
Comm. No.
Ref. To:
Hawaii County is an Equal Opportunity Employer and Providepef• Date—OCT 2021