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HomeMy WebLinkAboutCOM 0845.000 2014-2016 William P.Kenoi -.► .OFpf Deanna S. Sako Mayor \��',. Director 4,� •iIce��'- 't i•` Lisa K.Miura Deputy Director TE OF*4'0 County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 • Fax(808)961-8569 v April 1, 2016 =; Dru Kanuha, Council Chair and -•- Members of the Hawai`i County Council Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 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 2015-16, 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 $80,000 to the Public Access/Open Space, and Natural Resources Preservation Fund, and $10,000 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 April 20, 2016 Council Agenda. If there are any questions,please do not hesitate to call Kay Oshiro of the Finance Department at 961-8425. �.-- p �✓ Deanna S. Sako Director of Finance Enc. <Zit $r�� �S 5� Comm. No. 7 c Ref. To: C W. (w/FCS Ref. Date APR 0 4 2016 County of Hawai`i is an Equal Opportunity Provider and Employer. Form #: B-52 7/18/91 DEPARTMENT OF FINANCE REQUEST FOR COUNCIL ACTION DEPARTMENT: Finance DATE: 3/22/16 STAFF CONTACT: Kay Oshiro PHONE: x8425 A. REQUEST: To amend the FY 16 General Fund operating budget by increasing revenues and appropriations by the following: Increase Real Property Tax Interest estimated revenues by $90,000 Increase appropriation Transfer to Public Access/Open Space Preservation Fund by $80,000 Increase appropriation Transfer to Public Access/Open Space Preservation Maintenance Fund by $10,000 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 appropriations for the transfers to the Public Access/Open Space Preservation Fund and the Public Access/ Open Space Preservation Maintenance Fund to be insufficient. SIGNED: DATE: 3(0414 Department Head KAREN EOFF J�tv o`"�+t' AARON S.Y. CHUNG :/ - . h�, Chairperson �`� �a MAILE"MEDEIROS"DAVID ., �'�•. �//, GREGGOR ILAGAN VALERIE T. POINDEXTER - -"j DRU MAMO KANUHA Vice Chair •+ �•� DENNIS"FRESH"ONISHI ?4r!o`."��' DANNY PALEKA MARGARET WILLE HAWAII COUNTY COUNCIL County of Hawai`i Hawaii County Building 25 Aupuni Street Hilo, Hawai`i 96720 April 1, 2016 Dru Mamo Kanuha, Chairperson Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 96720 RE: Bill No. 195 : AN ORDINANCE TO AMEND ORDINANCE NO. 15-57 AS AMENDED, THE OPERATING BUDGET FOR THE COUNTY OF HAWAII FOR THE FISCAL YEAR ENDING JUNE 30, 2016 RELATING TO THE TRANSFER OF FUNDS TO THE PUBLIC ACCESS, OPEN SPACE AND NATURAL RESOURCES PRESERVATION FUND. Pursuant to Section 2(g) of Rule 4 of the Rules of Procedure of the Council of the County of Hawai`i, this written request is submitted with my approval that the above-referenced matter be waived from the Committee on Finance to the full 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, ckasect/m.-- krKaren Eoff, Chairperson Committee on Finance ( prove /Date/Waive to Council: Disapproved/Date/Refer to FC: r-Dru Mamo Kanuha, Chairperson Dru Mamo Kanuha, Chairperson Hawai`i County Council Hawai`i County Council KE/wb Hawai`i County is an Equal Opportunity Provider and Employer