HomeMy WebLinkAboutCOM 0534.000 2004-2006 MfV O/y
Harry Kim ~y;- ~ William Takaba
nyy
M1luiar Omeclur
Nancy E. Crawford
ej•., Depulr D~rec(or
~R'o~'wi'M
County of Hawaii
Finance Department
25 Aupmu SIreeL Room 118 • Hilo. Huwa~i 96720
(808)961-8234 • rax (8081961-8248
November 4, 2005
Stacy K. Higa, Chairman and -
Members of the Hawaii County Council
Hawaii County Council
25 Aupuni Street
Hilo, Hawaii 96720
Re: Resolution Transferring Funds
Enclosed is a resolution transferring a total of $33,788,751 out and from three accounts, ERS
Pension Accumulation Fund ($13,380,880), FICA Employer Share ($4,253,871), and
Employee Health Plans ($16,154,000) and then crediting it to the Retirement Benefits, FICA
Employer Share and Health Benefits accounts, respectively, that will be created under the
Employee Benefits base account number of 5902. Due to the recent conversion to the new
FRESH payroll system, it became necessary to re-number certain general ledger accounts to
create consistency among the various funds. These funds had been budgeted in the old
account numbering scheme and we would like to now move the budgeted amounts to the
new account numbers.
If there are any questions, please do not hesitate to call Controller Deanna Sako.
William Takaba
Director of Finance
APPROVED:
C~
Harry Kim rq,l
~ Mayor Comm. No. J.7T
Ref. To:
Enc. Ref. Uate
cc: Deanna Sako, Controller
ZD5'~ S> Hawai'i County is an Equal Opportunity Provider and Employer
Form B-52
7/18/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT: Finance DATE: 11/3/05
STAFF CONTACT: Deanna Sako or Jerry Hamamoto PHONE: 961-8241
A. REQUEST:
To create the following accounts and transfer funds from the existing accounts as follows:
From:
010.901.5901.10 ERS Pension Accum Fund $13,380,880.00
010.901.5901.14 FICA Employer Share 4,253,871.00
010.901.5902.05 Employee Health Plans 16,154,000.00
To:
010.901.5902.17 Retirement Benefits $13,380,880.00
010.901.5902.20 FICA Employer Share 4,253,871.00
010.901.5902.15 Health Benefits 16,154,000.00
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
Due to our conversion to a new payroll system, it became necessary for us to re-number certain general
ledger accounts to create consistency among the various funds. The funds were budgeted in the old
accounts and we would like to now move the budgeted amounts to the new account numbers.
iI /
SIGNED: IL ~ 1 a~ DATE: 11/3/05
epartment Head