HomeMy WebLinkAboutCOM 0757.000 2020-2022 i
Mitchell D. Roth v of.!! Deanna S. Sako
Alayor Director
d1�i�t/rl
I
iO •+
Steven A. Hunt
�tE 4F•11P•M
I
County of aai`i
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 ?
(808)961-8234 Fax(808)961-8569
t�
April 14, 2022
Maile Medeiros David, Council Chair and
Members of the Hawaii County Council
Hawaii County Council
25 Aupuni Street r
Hilo, Hawaii 96720
Re: Operating Budget
Pursuant to Sections 10-15 and 10-17 of the County Charter, 2% of real property tax
revenues, (including penalty and interest) must be transferred from the General Fund to the
Public Access/Open Space, and Natural Resources Preservation (PONC) Fund and 1% of
these tax revenues must be transferred to the Disaster and Emergency Fund. Real property
tax penalties revenue is expected to exceed the amount budgeted for FY 2021-22, requiring
additional funds be appropriated into the POMC and Disaster and Emergency Fund transfer
accounts in order to maintain compliance.
Enclosed is a bill for an Ordinance amending the Operating Budget by increasing
appropriations of$480,000 to the Transfer to Public Access/Open Space, and Natural
Resources Preservation Fund, and $240,000 to the Transfer to Disaster and Emergency
Fund.
If there are any questions,please do not hesitate to contact Kay Oshiro of the Finance
Department at 961-8425.
Deanna S. Sako
Director of Finance
Enc.
c: Accounts
r 11 lto
Comm. NQ.
Ref. To: tQ
Hawaii County is an Equal Opportunity Employer and Providelte° Date—Aft 1 9 2022
Form #: B-52
7118/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Finance DATE: 03/23/22
STAFF CONTACT: Kay Oshiro PHONE: 961-8425
A. REQUEST:
Please draft a bill to amend the FY22 General Fund operating budget by increasing the following revenue
and appropriations:
Revenue
RPT Penalties 010.3101.14 $ 720,000.00
Appropriations
Trans to Disast/Emerg Fund 010.801.5801.49 $ 240,000.00
Tr to Pub Acc/Op Sp Pres Fund 010.801.5801.52 $480,000.00
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
Real property tax penalty revenue is expected to exceed the amount budgeted, which would then cause the
budgeted appropriations for the transfers to the Disaster& Emergency Fund and Public Access/Open Space
Preservation Fund to be insufficient.
SIGNED: til DATE: 3/23/22
Department Head