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HomeMy WebLinkAboutCOM 0048.000 2014-2016William P. Kenoi Mayor December 17, 2014 County of Hawaii Finance Department 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961 -8234 • Fax (808) 961 -8569 Nancy E. Crawford Director Deanna S. Sako Deputy Director Dru Kanuha, Council Chair and C� Members of the Hawaii County Council = r ;--) Hawaii County Council 25 Aupuni Street - Hilo, Hawaii 96720 c:3 " Re: Operating Budget For FY 2013 -14, $3,130,000.00 was budgeted for Fuel Tax Increase revenues. The actual revenue realized for Fuel Tax Increase was $3,184,000.40, exceeding the budgeted amount of by $54,000.40. Enclosed is a bill for an ordinance to appropriate these excess revenues to the Capital Projects Fund in order to be expended by the Department of Public Works. If there are any questions, please do not hesitate to call Warren Lee, Director of the Department of Public Works at 961 -8231. Nancy rawford Director of Finance Enc. cc: Public Works wk1113) Hawaii County is an Equal Opportunity Provider and Employer Comm. Ro? . To: Ref. pate aE 9 Z1 014 Form #: B -52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Public Works DATE: 12/5/14 STAFF CONTACT: Diane Shiro PHONE: 961 -8463 A. REQUEST: To amend Ordinance 14 -81, the Operating Budget by appropriating excess Fuel Tax Increase revenues collected in FY 13 -14 which needs to be transferred to the Capital Projects Fund: Revenue: 020.3609.08 Fund Balance from Prior Year — Reserved $54,000.40 Appropriation: 020.801.5801.34.341 Transfer to Capital Projects Fund $54,000.40 B. BACKGROUND AND JUSTIFICATION (USE ADDITIONAL SHEETS AS NEEDED): These excess revenues collected must be appropriated to transfer it to the Capital Projects Fund in order for the Department of Public Works to expend it. Budget for Fuel Tax Increase $3,130,000.00 Actual Collections $3,184,000.40 Excess Collection Lapsed to Fund Balance $ 54,000.40 Account 020.2271.34 SIGNED: DATE:i�I� Department Head