HomeMy WebLinkAboutCOM 1139.000 2016-2018 Harry Kim -00.9f Deanna S. Sako
• Director
Mayor �•.�: . �d��. '•,
ipt's
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, 2018
Valerie Poindexter, Council Chair and
Members of the Hawai'i County Council
Hawai'i County Council r
25 Aupuni Street --
Hilp, Hawai'i 96720 ,
Re: Fund Balance Notification for June 30, 2018
Pursuant to Hawai'i County Code Section 2-12.4, I am transmitting the June 30, 2018, fund
- balance information:
Fund Balance $11,980,763.16
Fund Balance Designated for Future Year 15,300,000.00
Total Budgetary Fund Balance, June 30, 2018 $27,280,763.16
The fund balance was the net result of revenues, such as public service company tax, being less
than budgeted, and expenditures in several areas being lower than expected due to careful
spending by the departments. Another component of the fund balance is the unappropriated fund
balance from the prior fiscal year.
This fund balance will be helpful in meeting next year's budgetary needs: Balancing the fiscal
year 2019-20 budget will continue to be challenging given the current economic climate.
Should you have any questions regarding this information, please feel free to contact me.
------r°(44.
Deanna Sako
Finance Director •
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Comm. No. li
Ref. To: F
Ref. Date OCT 1 5 2018
Hawai'i County is an Equal Opportunity Employer and Provider