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HomeMy WebLinkAboutCOM 0711.160 2008-2010Memorandum No. 1 To: J Yoshimoto, Chair And Members of the County Council From: Date: Subject: Brenda J. Ford Council Metnber District 7— Central Kona HAWAII COUNTY COUNCIL County of Hawaii renda J. Ford, Council Member May 20, 2010 Kailua Trade Center 75 -5706 Hanama Place, Slate 109 Kailua -Kona, Hawai'i 96740 Cl r} Z0 v elit_ r Acy ace Phone No.: (808) 326 -5684 Fax No.: (808) 329 -4786 E -Mail: bford @co.hawaii.hi.us Proposed Amendments to Bill 211, Draft 3, Operating Budget 2010 -2011 0 Below for your consideration is a proposed amendment to Bill 211, Draft 3, regarding the operating budget. This proposed amendment would decrease General Fund Revenues -Real Property Taxes by $361,379 and decrease Expenditures Transfer to Golf Course by $361,379 to $0. A corresponding Golf Course Fund amendment would increase Golf Course Fund Revenues - Green Fees by $361,379 and decrease Expenditures Transfer From General Fund by $361,379 to $0. The following amendment affecting appropriation(s) to the revenue account(s) and expenditure account(s) are reflected below: Comm, No. '711.100 Ref. TQ, Ref. Date 1MY 2 6 iiO('V Proposed Budget Amendments General Fund Account No. Account Description 2010 -2011 Add/ (Reduce) Revised 2010 -2011 Estimate Estimate Revenues 3101.10 Real PropetyTaxes 215,150,000 (361,379; 214,788,621 Total Revenues Adjustments (361,379) Expenditures 010.801.5801.36 Trans To Golf Course Fund 361,379 (361,379) 0 341 Trans To Golf Course Fnd , Misc. Charges' 361,379 (361,379) 0 l-'TRANSFER '10 CIOLF COURSE FUND . ,.. 361,379 (361,379) 0 Total Expenditures Adjustments (361,379) Total Revenues Adj. - Total Expenditures Adj. 0 Golf Course Fund Account No. Arcnunt Description 2010 -2011 Add/ (Reduce) Revised 2010 -2011 Estimate Estimate Revenues 3407.72 Green Fees 522,103 361,379 883,482 3609.11 Transfer From General Fund 361,379 - 361,379 0 Total Revenue Adjustments 0