Laserfiche WebLink
REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: April 15, 1998 Re: Comm. No. 742Bi11 No. 202 <br /> PLACE: Councilroom <br /> TIME: 2:10 P.M. <br /> Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 202, reports as follows: <br /> Bill No. 202, transmitted by Mayor Stephen Yamashiro, via Communication No. 742, dated Febnrazy 27, 1998, <br /> submits the 1998-99 Operating Budget. <br /> The proposed budget totals $180,746,159, an increase of $282,963, or .2% over the current fiscal yeaz's budget. The <br /> increase is, in lazge part, the result of addressing the needs of our community and maintains ewrent levels of service <br /> while providing for unfunded mandated programs. This proposed budget may be affected by State Legislature <br /> proposals to change the distribution formula for the Transient Accommodation Tax (TAT). <br /> Revenue projections include an increase in real property delinquent collections although property assessed valuations <br /> aze expected to drop for the fifth consecutive yeaz, interest eaznings, and the reimbursement of retirement system <br /> expenses from the Depaztment of Water Supply. In general, the fund balance carryover is projected at $14.5 million. <br /> This amount, attained through sound fiscal management, decreases as the County experiences a period of higher <br /> expenditures and lower revenues. <br /> Expenditure projections include an increase of expenses associated with the consolidation of offices at the former JC <br /> Penney store, the General Plan update, the Papaya Quarantine Project, and employee health benefits. <br /> Your Committee originally reviewed the Operating Budget on Mazch 23, 1998, at the departmental and program <br /> budget reviews held from Mazch 23-25, 1998. The purpose of today's Special Finance Committee meeting was to <br /> discuss possible amendments to the Mayor's Operating Budget. <br /> A motion to amend the operating budget by renaming Department No. 239 Humane Society to Animal Control was <br /> approved by Your Committee. Such an amendment allows for a specific purpose of funding rather than an <br /> organization. <br /> Pursuant to Section 10-2, Hawaii County Charter, Preparation and Submission of Budget and Capital Program, the <br /> Mayor shall submit to the County Council an Operating Budget for the ensuing fiscal yeaz. <br /> <br /> Yow Committee on Finance is in accord with the purpose and intent of Bill No. 202 (Operating Budget) and transmits <br /> it to Council with the aforementioned recommendation to be incorporated in Bill No. 202, Draft 2. <br /> lkc <br /> Aya Noes A&E EX <br /> Respectfully submitted <br /> CHUNG X <br /> LEITHEAD-TOnn X C TEE OjY,FINANCE <br /> RAY X / 1 ~ <br /> SANTANGELO X Lf~L/ <br /> SMITH X <br /> TYLER X AARON S.Y. CHUNG, AIR <br /> YACONG X FC REPORT NO. 233 _ <br /> ARAKAHI, E.O.M. X ADOPTED: MAY ~4 <br /> ~co~- <br /> <br />