HomeMy WebLinkAboutCOM 1098.000 2012-2014 J+tV Oi Nancy William P. Kenoi p•• ........+, Y E. Crawford
Mayor ,1t%4 Director
�. '• Deanna S. Sako
•_ �': Deputy Director
County of Hawaii
Finance Department
25 Aupuni Street, Suite 2103 • Hilo,Hawai`i 96720
(808)961-8234 • Fax(808)961-8569
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October 15, 2014
J Yoshimoto, Council Chair and —
Members of the Hawaii County Council.
Hawai'i County Council
25 Aupuni Street
Hilo, Hawaii 96720
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Re: Fund Balance Notification for June 30, 2014
Pursuant to Hawaii County Code Section 2-12.4, I am transmitting the June 30, 2014, fund
balance information:
Fund Balance $10,641,254.85
Fund Balance Designated for Future Year 25,545,000.00
Total Budgetary Fund Balance, June 30, 2014 $36,186,254.85
The fund balance of $36.2 million is the result of the county's careful, responsible strategy to
limit spending over the last several years. This fund balance is a result of our conservative
fiscal decision making during a very challenging economic period. We delayed hiring to save on
salaries, imposed continuing controls to limit overtime, deferred equipment purchases and took
an array of other steps to save money during recent years.
We want to thank and congratulate all of our employees for their hard work as we continue to
hold the line on spending. We greatly appreciate their efforts, which allowed the county to
establish a solid and stable fiscal condition. This fund balance is the result of their sacrifice and
commitment to maintain critical county services. They are truly doing more with less.
This fund balance will be instrumental in meeting the fiscal year 2015-16 budgetary needs, and
is not intended for new programs or services this year. We have consistently rolled forward any
generated fund balance into future years because we know the years ahead will continue to be
challenging as we face increasing costs and a slowly recovering economy.
Should you have any questions regarding this information, please feel free to contact me or
Deanna Sako, Deputy Director.
fancy Crawford
Finance Director
Comm. No. /d 91(
Ref.To: r
Ref. Date, OCT 15 2014
Hawai'i County is an Equal Opportunity Provider and Employer