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Mitchell D. Rothe+sY""�'r' Diane Nakagawa <br /> Mayor �,I if Director <br /> Aaron K.H. Brown <br /> •t;TE OF ``• <br /> Deputy Director <br /> County of Hawaii <br /> Finance Department o <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 C <br /> cp <br /> (808)961-8234 • Fax(808)961-8569 <br /> May 16, 2024 --- <br /> - 1 r, <br /> Heather Kimball, Council Chair and '= ==; <br /> Members of the Hawai`i County Council , <br /> Hawaii County Council " J� <br /> 25 Aupuni Street <br /> Hilo, Hawai`i 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 <br /> the Public Access/Open Space, and Natural Resources Preservation(PONC) Fund and <br /> 1% of these tax revenues must be transferred to the Disaster and Emergency Fund. Real <br /> property tax penalties revenue is expected to exceed the amount budgeted for FY 2023- <br /> 24, requiring additional funds be appropriated into the PONC and Disaster and <br /> Emergency Fund transfer accounts in order to maintain compliance. <br /> Enclosed is a bill for an Ordinance amending the Operating Budget by increasing <br /> appropriations of$1,000,000 to the Transfer to Public Access/Open Space, and Natural <br /> Resources Preservation Fund, and $500,000 to the Transfer to Disaster and Emergency <br /> Fund. <br /> We respectfully request that this bill be waived from the Finance Committee and be <br /> placed on the June 5, 2024 Council agenda in order to ensure execution within FY 2023- <br /> 24. If there are any questions,please do not hesitate to contact Kay Oshiro of the Finance <br /> Department at 961-8425. <br /> Diane Nakagawa <br /> Director of Finance <br /> Enc. <br /> c: Accounts <br /> Of <br /> V 1.2) COMM. N?.AA1�/1E�!11.IIIM� <br /> Ref. To: o <br /> Hawai'i County is an Equal Opportunity Employer and ProvideRef. Date <br />