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JHtY Oi ~7w <br /> <br /> Harry Kim i`.~' Dixie Kaetsu <br /> 11o1~m- t ~ 1 h(miaging /~ireclor <br /> :j <br /> ~ ~ Barbara J. Kossow <br /> .a: <br /> ~~rE'o••HpN~ Depn[)~ Monagurg Dmeclor <br /> ILIIITrifu II~ ~tl~l]MT[ <br /> 2~Aupum htrccl. Ruum?I? IIJo, Ilawaii 9G~20-0252 • ~RUX]96 L8311 • Fax(%OR)461-hi?3 <br /> 60N,1 7s-9706 KuaF.im I hgM+ay, Sure 103 • Ka~lua-Kona, I lawai'I 96'140 <br /> IRORl 129-i2'6 . Pa.~18U81326-io63 <br /> January 31.2006 <br /> The Honorable Stacy K Riga. Chairman, <br /> and Members of the Hawai' i County Council <br /> County of Hawai' i <br /> Hilo. Hawaii 96730 <br /> Dear Chairman Higa and Members of the County Council: <br /> SUBJEC"h: GF,NERAL FUND FUND BALANCE <br /> Pursuant to Section 10-8 of the Hawaii County Charter relating to supplemental appropriations, <br /> I am taking this means to certify that there is a balance of $3,727,401.95 in the General Fund fund <br /> balance as of June 30, 2005. Due to the implementation of the Kokua Bus System this fiscal <br /> year, we will be retlecting n loss of $232,000 in bus revenues in the Operating Budget. Atter <br /> careful consideration of our departments/agencies fund balance requests, we propose to amend <br /> the Operating Budget to appropriate a total of $2,526.465, leaving a balance of $968,936.95. <br /> Available General Fund fund balance at FY end 06/30/05: $ 3J27,401.95 <br /> Less: Loss of Bus Revenues (Kokua Bus System) _ 232,000.00 <br /> Available Fund Balance: 3,495,401.95 <br /> Less: De/lurimrnlul.Need.~ 2,526,465.00 <br /> Remaining Fund Balance: $ 968,936.95 <br /> Attached is a list of fund balance proposals showing the breakdown of the appropriations and a <br /> brief explanation on how the funds arc to be used. If you have any questions regarding any of the <br /> piaposed departmental appropriations, please feel tree to call the contact person noted on the <br /> attached proposals list. <br /> Enclosed is a bill for an ordinance amending the Operating Budget by decreasing the bus <br /> revenues b~ $23_,000, by increasing the General Pond's Fund Balance ofthc Previous Year <br /> account by $2,758.465, and lien appropriating $2,526.465 to the various General Fund <br /> expenditure accounts. <br /> Also enclosed is another bill for an ordinance amending the Operating Budget to appropriate <br /> $170,000 of the fund balance that we propose to transfer into the Housing Fund for use at the <br /> Kawaihac Transitional Shelter and by the Hawaii Island Workforce Economic Development <br /> Ghana (I I I W EDO). <br /> fhe remaining $968,936.9 is available to the Council for appropriation according to its <br /> priorities. This is done to ensure the County Council's participation and input ou the use of the <br /> excess fund balance. Cornet. No.~~ <br /> B~IAe dl4-tea?S~ Ref. To: <br /> Nova, ('ouNV is yin l~.q«ul Upporu~nirr l'rori.lrr «nd 6ntploi~rr DGt@ <br /> <br />