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i <br /> Mitchell D. Roth v of.!! Deanna S. Sako <br /> Alayor Director <br /> d1�i�t/rl <br /> I <br /> iO •+ <br /> Steven A. Hunt <br /> �tE 4F•11P•M <br /> I <br /> County of aai`i <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 ? <br /> (808)961-8234 Fax(808)961-8569 <br /> t� <br /> April 14, 2022 <br /> Maile Medeiros David, Council Chair and <br /> Members of the Hawaii County Council <br /> Hawaii County Council <br /> 25 Aupuni Street r <br /> Hilo, Hawaii 96720 <br /> Re: Operating Budget <br /> Pursuant to Sections 10-15 and 10-17 of the County Charter, 2% of real property tax <br /> revenues, (including penalty and interest) must be transferred from the General Fund to the <br /> Public Access/Open Space, and Natural Resources Preservation (PONC) Fund and 1% of <br /> these tax revenues must be transferred to the Disaster and Emergency Fund. Real property <br /> tax penalties revenue is expected to exceed the amount budgeted for FY 2021-22, requiring <br /> additional funds be appropriated into the POMC and Disaster and Emergency Fund transfer <br /> accounts in order to maintain compliance. <br /> Enclosed is a bill for an Ordinance amending the Operating Budget by increasing <br /> appropriations of$480,000 to the Transfer to Public Access/Open Space, and Natural <br /> Resources Preservation Fund, and $240,000 to the Transfer to Disaster and Emergency <br /> Fund. <br /> If there are any questions,please do not hesitate to contact Kay Oshiro of the Finance <br /> Department at 961-8425. <br /> Deanna S. Sako <br /> Director of Finance <br /> Enc. <br /> c: Accounts <br /> r 11 lto <br /> Comm. NQ. <br /> Ref. To: tQ <br /> Hawaii County is an Equal Opportunity Employer and Providelte° Date—Aft 1 9 2022 <br />