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HomeMy WebLinkAboutCOM 0874.000 2012-2014 �JNtV.os,N��, William P. Kenoi Nancy E. Crawford Mayor Director y +: :• Deanna S. Sako ?'•: +;:•�� Deputy Director 6F•NI.� County of Hawaii Finance Department o n 25 Aupuni Street, Suite 2103 • Hilo,Hawaii 96720 si � (808)961-8234 Fax(808)961-8569stl r— April 29, 2014 0 ;-< r-- J Yoshimoto, Council Chair and i Members of the Hawaii County Councily,� Hawaii County Council a 25 Aupuni Street 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. In order to ensure that the transfer may be done by the deadline as required by the County Charter, we are requesting that this bill be waived from the Finance Committee and to breach deadline to place it on the May 13, 2014 Council Agenda. If there are any questions, please do not hesitate to call Kay Oshiro of the Finance Department at 961-8425. b/ t414'x'H Nancy rawford Director of Finance Enc. Comm. No. g7 q Hawaii County is an Equal Opportunity Provider and Employer Ref. To: C �.- W �L_ Ref. Date APR 2 9 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. PI4 DATE: ,,4.0epartment Head 4 VALERIE T POINDEXTER 0.-.. of 114 KAREN EOFF Chairperson BRENDA FORD ;. DRU KANUHA GREGGOR ILAGAN _ ZENDO KERN hce Chair DENNIS "FRESH" ONISHI ,tE•Oi N�'� MARGARET WILLE J YOSHIMOTO HAWAII COUNTY COUNCIL Counts. of Hawaii llowai'i Counh Budding '5 411P11111 Street Hilo, Hawaii 9O7 0 April 29, 2014 J Yoshimoto, Council Chair Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 RE: Bill No 252 An Ordinance to Amend Ordinance No. 13-65, as Amended, the Operating Budget for the County of Hawaii for the Fiscal Year Ending June 30, 2014 Relating to the Transfer of Funds to the Public Access, Open Space and Natural Resources Preservation Fund. Pursuant to Section 2((-,) of Rule 4 of the Rules of Procedure of the Council of the County of Hawaii, this written request is submitted with my approval that the above-referenced matter be waived from the Committee on Finance to the frill Council for immediate action. In reviewing this matter, timely approval is crucial. It is therefore advantageous that approval is granted and the matter be placed onto the next Council agenda for review. However, in the event this request is denied, for whatever reason, I understand the matter shall be referred to the Committee on Finance for placement on its future agenda. Sincerely, oe- 4 , Valerie T. Poindexter, Chair Committee on Finance Approved/Date/Waive to Council: Disapproved/Date/Refer to FC: J Yoshimoto, Council Chair AN 2 �} J Yoshimoto, Chairperson Hawaii County Council Hawaii County Council V P/sc Hawaii County is an Equal Opportunilh Provider and ErnplolVer