HomeMy WebLinkAboutCOM 0521.047 2002-2004 'SV Oi H
AL KONISHI CONSTANCF, R KIRIU
County Clerk ~ Le~gislalire:ludtio~~
JAY MENDE
Deputy County Clerk
county of Hawai
Office of the County Clerk
25 Aupuni Stree(
Hilo, Hawaii 96720
Telephone: (808) 967-8386 Faceimi[e: (808) 961-8572
May 28, 2004
TO: Council Members
FROM: Constance R. Kiriu la
Legislative Auditor
RE: Bill 237, Draft 3
Operating Budget
The purpose of this memorandum is to inform you that we have learned that the funding in the Operating
Budget ERS Pension Accumulation Fund-G in Account No. 5901.10 is set by an actuary and is fixed for
the new fiscal year 2004-2005. The total figure for the fiscal year ($10,487,800) was given to the County
in time for the Mayor's May 5`" budget (Draft 2). The County makes two payment contributions-usually in
August (2004) and February (2005).
ERS ACCOUNT
Draft 3 reduced Account No. 5901.10 by $106,123 due to the denial of personnel related to fuel tax
reduction ($91,658) and the sort station ($14,465). Nevertheless, the County is still obligated to pay the
full $10,487,800.
We must restore $106,123 in order to make the payments to ERS (1) by amending Draft 2 (if there are
other amendments made), or (2) by transferring the monies later in the year. We would prefer the latter if
no other amendments are made.
If, however, the Council decides to make the amendments at the Council meeting, the following list
contains recommended adjustments:
Account No. Description ADD/(REDUCE) REVISED
ESTIMATE
$ ~
SOLID WASTE FUND
REVENUE
3609.11 Transfer from General Fund 14,465 9,815,558
TOTAL REVENUE ADJUSTMENTS 14,465
EXPENSE
5802.81 Pension Accum-LF 14,465 226,700
TOTAL EXPENSE ADJUSTMENTS 14,465
VARIANCE (REVENUES-EXPENSE) SOLID WASTE 0 "L)
Comm. No.
Hawaii County is an Equal Opportunity Provider and EmpdoyerRef. 1.Oe PfN
Ref. Uate ~~tAly,i~4
-
HIGHWAY FUND
EXPENSE
5281.42 Traffic Signs & Markings (91,658) 1,166,929
5802.01 Pension Accumulation-H 91,658 666,700
TOTAL EXPENSE ADJUSTMENTS 0
VARIANCE HIGHWAY FUND p
GENERAL FUND
REVENUE
3609.03 Reimb FICA/ERS-Hwy 91,658 1,115,287
3609.81 Reimb FICA/ERS-Sol Wst 14,465 432,064
TOTAL REVENUE ADJUSTMENTS 106,123
EXPENSES
5901.10 ERS Pension Accum Fund-G 106,123 10,487,800
5101.91 Contingency Relief (14,465) 1,388,007
5801.35 Transfer to Solid Waste Fund 14,465 9,915,558
TOTAL EXPENSE ADJUSTMENTS 106,123
VARIANCE GENERAL FUND 0
HEALTH FUND
We were also informed that the Health Fund contributions ($115,449-Hwy + $18,219-SW) and FICA
($51,558-Hwy + $8,136-SW) are based on actual employees, not projected employees. Therefore, the
related decrease in Health Fund contributions will be tight given the added police and fire positions and
the imprecise factor of hiring throughout the year.
According to Comptroller Deanna Sako, the amounts in Draft 2 would not have to be adjusted as long as
monies ($133,668 + $59,694) are available in the Council's contingency for transferring next fiscal year.