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BRENDA J. FORD <br />Council Member <br />District 7 - Central Kona <br />Phone: (808) 323 -4277 <br />Fax: (808)329-4786 <br />E -Mail: bford @co.hawaii.hi.us <br />HAWAII COUNTY COUNCIL <br />County of Hawaii <br />West Hawaii Civic Center <br />74 -5044 Ane Keohokalole Hwy. <br />Kailua -Kona, Hawaii 96740 <br />DATE: March 1, 2011 <br />TO: <br />FROM: <br />SUBJECT <br />Dominic Yagong, Chairperson <br />and Members of the Hawaii County Council <br />Brenda J. Ford, Council Member �`'��� jfZ <br />Proposed Amendments to Bill No. 26, Relating to Fund Balance <br />Below are proposed amendments to Bill No. 26. The proposed amendments are illustrated below <br />in Ramseyer format with respect to the contents of Bill No. 26 (material to be deleted is <br />bracketed and stricken through; material to be added in underlined.): <br />The Purpose section of Bill No. 26 is amended to read: <br />SECTION 1. Purpose. In accordance with Section 10 -10 of the Hawaii County Charter, <br />general appropriations shall lapse at the close of the fiscal year to the extent that the same has not been <br />expended or encumbered. In March 2009 the Governmental Accounting Standards Board issued <br />Statement 54, Fund balance Reporting and Governmental Fund Type Definitions, which establishes <br />definitions for the different types of fund balances and the requirements of the government for reporting <br />those balances beginning June 30, 2011. The purpose of this ordinance is to establish a policy regarding <br />the dates on which the department of finance shall deliver information to the Council relating to the <br />[ ] fund [balanees] balance Provision of the [wed] fund balance <br />on these dates allows the council the time to evaluate, facilitate recommendations by suggestion, and <br />potentially make policy decisions regarding the annual budget. <br />2. Section 2 -12._, subsection (a), of Bill No. 26 is amended to read: <br />"(a) Definitions. <br />"[ Unassigned ] Fund balance" means the residual classification for the general fund <br />and includes all amounts not contained in the other classifications, such as non - <br />spendable, restricted, committed, and assigned fund balances. Unassigned amounts are <br />technically available for any purpose." <br />Comm. No. 92.1 <br />Serving the Interests of the People of Our Island Ref. To: lentee# Ci <br />Hawaii County is an Equal Opportunity Provider and Employer R 0 2 2011 <br />Ref. D e <br />