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Harry Kims F N�'', Deanna S. Sako ' Director Mayor _ .��'`'rt ��,I�,• ,� . - _ = Nancy Crawford ••_= Deputy Director •- F OF M • �• County of Hawaii Finance Department 25 Aupuni Street;Suite 2103 • Hilo,Hawai`196720" (808)961-8234 • Fax(808)961-8569 April 20, 2018 Valerie Poindexter, CouncilChair:and tri .. Members of the Hawaii County Council :." . Hawai`i County Council 25 Aupuni Street CD Cr Hilo, Hawai i 96720 • Re: Operating Budget T = . 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 2017-18, 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 $20,000 to the Public Access/Open Space,"and.Natural Resources Preservation Fundand $2,500 to the Public Access/Open Space, and Natural Resources Preservation Maintenance Fund. In order to ensure that thetransfer may be done by the deadline as required by the County Charter, we are requesting that this billbe waived from the Finance Committee and to place it on the May 9, 2018 Council Agenda. If there are any questions, please do not hesitate to call Kay Oshiro of the Finance Department.at 961-8425. Deanna S. Sako Director of Finance Enc. , . Comm. No. q(.Z. c: Ka Oshiro Ref. To: C LEG4FC-) y Ref. Date APR 2 5 2.013 < aI 14'> Hawai'i County is an Equal Opportunity Employer and Provider