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HomeMy WebLinkAboutCOM 0645.041 2020-2022 l r �Kv®c Mitchell D. Roth Deanna S. Sako Allayor Director °V"" Diane Nakagawa Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 • Fax(808)961-8569 May 19, 202210 . Maile Medeiros David, Council Chair and Members of the Hawaii County Council Hawaii County Council r 4 25 Aupuni Street Hilo, Hawaii 96720 Re: Finance PowerPoint Presentation—Finance Committee Special Meeting Enclosed is a PowerPoint production to be presented during the FY 2022-23 Budget Finance Committee Special Meetings). If there are any questions,please do not hesitate to contact the Finance Department at 961-8234. Deanna S. Sako Director of Finance Comm. No. Ref, To: 10 UN � Hawaii County is an Equal Opportunity Employer and Provide ef. De to _° 9 204-2 { 511912022 I County of Hawail FY 2023 Amended Budget i 3 3 I 3i 'i MAY 19, 2022 i 'i 1 Revenue projections increased primarily due to changes in real property valuations, additional revenue in County Transient Accommodations Tax and more than $40 million in grant revenues. The proposed balanced budget provides: 1) Support for those in need in our Community 2) Necessary resources for our workforce to serve 3) Investment in sustainability efforts And proposes a rate reduction in almost all classifications for real property tax to provide some relief to our residents and businesses 2 1 511912022 'i i I t I i Revenues 3 i FY23 May General Fund Revenues Intergovernment Charges for Fund Balance From Other Revenue Services Previous Year $11,095,887 $94,459,962 $5,622,351 $24,725,000 1.8% 16.0% 1.0% 4.2% Licenses&Permits $9,655,716 1.6% Hawaii County TAT P. $19,000,000 3.2% Public Service Company Tax $8,800,000 1.5% Real Property Taxes $418,000,000 Total Revenues-$591,358,916 70.7% 4 2 i 5119/2022 4 `i i t I { a aior Revenue Changes from March to May G General Fund: • Coronavirus State & Local Recovery grant, other grants $42.3MM • Real Property Tax 23.OMM • Hawaii County TAT $ 6.OMM Highway Fund: • Fund Balance from Prior Year 2.6M GET Fund: • Fund Balance from Prior Year $ 15.OMM Housing Fund: • Transfer from General Fund 9.OMM 5 Expenditurvan 6 3 1 3 511912422 FY 23 MgyGeneral Fund Expenditures Other General Government Transfer to Special $84,628,574 $58,404,927 Funds 14.31 9.9% $43,739,229 Public Safety 7.4% $161,958,133 27.4% i r 7 f ty,y�'�til II9111p�rtb�e y'�i. ,y� i yy�'i Vli ii 111 lliil'll y3'ar�'� r Yae�lf',n i ra Y i l Health Fund $62,946,400 10.6% Highways $9,128,181 1.5°!0 f Pensions&Retir ment Debt Service Culture&Recreation Health,Welfare&Education $591,358,916 $72066000 $49,499,130 $27,662,489 $21,326,253 12.2% 8.4% 4.7% 3.6% 7 Major Expenditure Changes from March - May General Fund- -$71.5MM • Coronavirus State& Local Recovery grant -$40.7MM • New Housing Production Program (GF Subsidy to Housing Fund) -$9.0MM • Provision for Compensation Adjustment (FY22 & FY23) -$4.8MM • Energy Cost Increases (fuel, electricity,water) -$3.7MM • Fire OTIMisc S&W -$3.4MM • Transfer to special funds (less energy costs incl above)-$1.9MM New Positions (since March Budget) N$1.6MM • State EMS -$1.3MM • Transfers to POMC, PONC Maintenance and Disaster/Emergency funds -$ .8MM • Increase to Homelessness Program -$ .5MM • Federal Transit Administration grant -$ .3MM • Other(Overtime/Misc S&W, essential equipment, essential operations needs (OCE)) -$3.5MM 8 4 5/1912022 Major Expenditure Changes from March - Ma SPECIAL FUNDS — —$18.3MM Highway Fund — 2. GET Fund —$15.OMM Transfer to capital project fund for grant matches — for the Infrastructure Act and other transportation related grants Vehicle Disposal Fund —$ 0.5MM County Budget Comparison — FY23 Proposed Hawaii County Maui County Kauai County Honolulu C8,C 2022-23 Operating Budget $ 779,678,040 $ 838,585,069 $ 260,282,855 $ 3,354,618,527 Population 203,340 167,902 71,851 963,826 ** Per Capita Budget $ 3,135 $ 4,555 $ 3,388 $ 3,042 Area(sq mile) 4,028 1,128 562 597*** Per Sq Mile Budget $ 158,280 $ 677,940 $ 433,114 $ 4,910,807 *Maui budget Is Total$1,187,212,992 less Water,Capital Improvements,Grant Funded Capital Imp '*Census into from census.howaii.gov,7/1/20 data (latest available) '**Maui area includes Molokai and Lanai. Hawaii County does not include new lava land-area 10 5 5/19/2022 ) � ) ] . � Uuestions"? : � © ) } 11 } 6 }