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HomeMy WebLinkAboutCOM 0446.002 2002-2004 ~~e MtV 0I N, Harry Kim l~ ~ William Takaba Mnycr - Director Nancy E. Crawford ..f"t of M'~~` Deputy Director County of Hawaii Finance Department 25 Aupuni Street, Room 118 Hilo, Hawaii 96720 (808)961-8234 Fax (808)961-8248 MEMORANDUM DATE: January 5, 2004 TO: J. Curtis Tyler III, Vice Chair ~ Recravc~r Hawaii County Council '--7J-g~•J----__~° Dora _u..s Caun+y Council FROM: William Taka Director of Finan e RE: Request for Information for January 6 Finance Committee Meeting You have requested additional information regarding the settlement payments to be made from the Self Insurance Fund. The "Morita" settlement requires payments of $300,000 in FY 2003-04, FY 2004-05 and FY 2005-06. The "Silva" settlement requires payments totaling $1,250,000 in the current fiscal year and $750,000 in FY 2004-05. The balance in the Self Insurance Fund at the beginning of this fiscal year was $1,929,886. The calculations related to the funds needed for Solid Waste Division are shown on the attached work papers. If you have any questions, please contact Robin Bauman at 961-8585. Thank you for providing us with the opportunity to respond to your concerns. Please let us know if we may be of further assistance. cc: Robin Bauman Comm. No. Y`[~O~'Z. Ref. To:,~re~eefed Ref. bate - i~j~~-~ Department of Environmental Management Daily Cover Useage Solid Waste Division South Hilo Sanitary Landfill AVERAGE TOTAL DAILY QUANTITY QUANTITY INVOICE PERIOD (CY) (CY) AMOUNT 6/15-28/03 3768 269 $32,028.00 6/29/03 to 7/5/03 2232 319 $18,972.00 7/6-12/03 1920 274 $16,320.00 7/13-19/03 1908 273 $16,218.00 7/20-26/03 1476 211 $12,546.00 7/27/03 to 8/2/03 2403 343 $20,425.50 8/3-16/03 4833 345 $41,080.50 8/17-23/03 2187 312 $18,589.50 8/24-30/03 1548 221 $13,158.00 8/31/03 to 9/6/03 1854 265 $15,759.00 9/7-13/03 2358 337 $20,043.00 9/14-20/03 2484 355 $21,114.00 9/21-27/03 2754 393 $23,409.00 9/28-30/03 to 10/1-4/03 2862 409 $24,327.00 10/5-11/03 2889 413 $24,556.50 10/12-18/03 2871 410 $24,403.50 10/19-25/03 2835 405 $24,097.50 10/26/03 to 11/1/03 2457 351 $20,884.50 11/2-8/03 2376 339 $20,196.00 11/9-15/03 2133 305 $18,130.50 11/16-22/03 2619 374 $22,261.50 TOTAL 52767 346 $448,519.50 WEEKLY AVERAGE: $19,500.85 DAILY AVERAGE: $2,785.84 BUDGET FY 03-04: $355,000.00 APPROPRIATED FUND BALANCE $312,215.00 PROJECTED ACTUAL BUDGET FY 03-04: $1,016,829.92 PROJECTED DEFICIT FY 03-04: $ (349,614.92) (Hilo Daily Cover.xls/2003-2004) 1/5/2004 Department of Environmental Management Solid Waste Division W.HI Litter Control Costs Dates Amount 1st Quarter FY03-04: 6/30-7/25 19,980.00 7/28-8/29 24,050.00 9/2-9/26 9,768.00 TOTAL $ 53,798.00 WEEKLYAVERAGE $ 4,138.31 BUDGET FY 03-04 $ 50,000.00 PROJECTED COSTS FY 03-04 215,192.00 PROJECTED DEFICIT FY 03-04 $ (165,192.00)