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;ttV^Of <br /> William P. Kenoi �./ V� �,le;� Nancy E. Crawford <br /> Mavor "�* <br /> Director <br /> —'T Deanna S. Sako <br /> +j.•• Deputy Director <br /> [ s Mr.M <br /> County of Hawaii <br /> Finance Department <br /> 25 Aupuni Street, Suite 2103 • Hilo,Hawaii 96720 <br /> (808)961-8234 • Fax(808)961-8569 <br /> November 14, 2013 =D ; <br /> J Yoshimoto, Council Chair and <br /> Members of the Hawaii County Council <br /> Hawaii County Council <br /> 25 Aupuni Street <br /> Hilo, Hawaii 96720 <br /> Re: Fund Balance Notification for June 30, 2013 <br /> Pursuant to Hawaii County Code Section 2-12.4, I am transmitting the June 30, 2013, <br /> fund balance information: <br /> Fund Balance $15,692,177.30 <br /> Fund Balance Designated for Future Year 21,650,000.00 <br /> Total Budgetary Fund Balance, June 30, 2013 $37.342.177.30 <br /> The fund balance of$37.3 million is the result of the county's careful, responsible strategy <br /> to limit spending over the last five years. This is the largest fund balance ever, and is a <br /> result of our conservative fiscal decision making during a very challenging economic <br /> period. We delayed hiring to save on salaries, imposed continuing controls to limit <br /> overtime, deferred equipment purchases and took an array of other steps to save money <br /> during recent years. <br /> We want to thank and congratulate all of our employees for their hard work as we <br /> continue to hold the line on spending. We greatly appreciate their efforts, which allowed <br /> the county to establish a solid and stable fiscal condition. This fund balance is the result <br /> of their sacrifice and commitment to maintain critical county services. They are truly <br /> doing more with less. <br /> Comm. No._SI 9• <br /> Ref. To: <br /> Hawai'i County is an Equal Opportunity Provider and Employer Ref. Dote Nf1V 1 S 2Qr( <br />