HomeMy WebLinkAboutCOM 0824.000 2012-2014 J�<V Of of
William P.Kenoi `P �,�,;,° Nancy E. Crawford
Mayor Director
Deanna S. Sako
+'�>i wq• r�` Deputy Director
Oi N i'
County of Hawaii
Finance Department
25 Aupuni Street, Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
C7
April 14, 2014 C=C:)
J Yoshimoto Council Chair and
Members of the Hawaii County Council z-)
Hawaii County Council ]>M
25 Aupuni Street 45- D;K
Hilo, Hawaii 96720
Re: Operating Budget
Pursuant to Sections 10-15 and 10-16 of the County Charter, 2% of real property tax revenues,
(including penalty and interest) must be transferred from the General Fund to the Public
Access/Open Space, and Natural Resources Preservation (PONC) Fund, and .25% of these tax
revenues must be transferred to the Public Access/Open Space, and Natural Resources
Preservation Maintenance Fund. Real property tax interest revenues are expected to exceed the
amount budgeted for FY 2013-14, requiring additional funds be transferred into the PONC and
PONC Maintenance accounts in order to maintain compliance.
Enclosed is a bill for an Ordinance amending the Operating Budget by appropriating $175,000 to
the Public Access/Open Space, and Natural Resources Preservation Fund, and $25,000 to the
Public Access/Open Space, and Natural Resources Preservation Maintenance Fund.
If there are any questions, please do not hesitate to call Kay Oshiro of the Finance Department at
961-8425.
Nancy Crawford
Director of Finance
Enc.
< ;LLi
Comm. No. 92-q
Hawaii County is an Equal Opportunity Provider and Employer Ref.To: =C-
PC-r, DrIf- APK14 2014
Form #: B-52
7/18/91
DEPARTMENT OF FINANCE
REQUEST FOR COUNCIL ACTION
DEPARTMENT. Finance DATE: 4/04/14
STAFF CONTACT: Kay Oshiro PHONE: x8425
A. REQUEST:
To amend the FY14 General Fund operating budget by increasing revenues and appropriations by the
following.
Increase Real Property Taxes Interest estimated revenues by $200,000
Increase appropriation Transfer to Public Access/Open Space Preservation Fund by $175,000
Increase appropriaton Transfer to Public Access/Open Space Preservation Maintenance Fund by $25,000
B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED):
Real property tax interest revenues are expected to exceed the amount budgeted, which would then cause
the budgeted appropriation for the transfer to the Public Access/Open Space Preservation Fund and the
Public Access/ Open Space Preservation Maintenance Fund to be insufficient.
SIGNED f P4 DATE, 4'I
department Head