HomeMy WebLinkAboutCOM 0534.000 2014-2016 William P. Kenoi +`r• .......... Deanna S. Sako
Mayor ; „ �Idq� • Director
. . • Lisa K.Miura
• __- Deputy Director
•
County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569 C7
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October 15, 2015 —4
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Dru Kanuha, Council Chair and
Members of the Hawaii County Council ='
Hawaii County Council --
25 Aupuni Street w —
Hilo, Hawaii 96720 __
Re: Fund Balance Notification for June 30, 2015
Pursuant to Hawaii County Code Section 2-12.4, I am transmitting the June 30, 2015, fund
balance information:
Fund Balance $ 8,255,573.12
Fund Balance Designated for Future Year 25,945,000.00
Total Budgetary Fund Balance, June 30, 2015 $34,200,573.12
The fund balance of$34.2 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 ongoing controls to limit overtime, continued to
scrutinize purchases and took a variety of other measures 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 2016-17 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 an economy that is slowly
recovering.
Should you have any questions regarding this information, please feel free to contact me
or Lisa Miura, Deputy Director.
Deanna Sako Comm. No. 53
Finance Director Ref. To: "(–
Hawaii County is an Equal Opportunity Employer and Provider Ref. Late 2 1 Z