HomeMy WebLinkAboutCOM 0117.009 2018-2020 Harry Kim •-otlI,,,yam•. Deanna S. Sako
Mayor ' Director
3 �•� !
' fif Steven A.Hunt
••, Deputy Director
•
County of Hawaii
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 -
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(808)961=8234 • Fax(808)961-8569 —0 X
' O c'-<
April 16, 2019rri
v
' Aaron Chung, Council Chair and
Members of the Hawai`i County Council
Hawai`i County Council
25 Aupuni Street
Hilo, Hawai`i 96720
Re: Finance PowerPoint Presentation—Finance Committee Special Meeting
Enclosed is a PowerPoint production to be presented during the FY2020 Budget Finance
Committee Special Meeting(s).
If there are any questions,please do not hesitate to contact the Finance Department at
961-8234.
Deanna S. Sako
Director of Finance
•
Comm. NR., (11. 1
Ref. To: r1"C. FC'
Hawai'i County is an Equal Opportunity Employer and ProvideKef. Date APR y 6 2019
FINANCE COMMITTEE SPECIAL MEETING
Departmental Budget and
Program Reviews
April 16 - 18, 2019
DEPARTMENT OF FINANCE
FY 2019-2020 Budget
Deanna S. Sako, Director
Steve Hunt, Deputy Director
Charges for Svcs
License& Permits 8,235,738 Prior Year Fund TAT
9,475,324 1 9% Balance 15,300,000 19,158,000
FY20 March Request 2.1% 3.5% 4.4% Other
General Fund Revenues: Intergovernmental 9,737,930
Revenue 2.2%
36,290,768
8.2%
77.7%Taxes (Real Property Tax = 75.7%)
8.2% Intergovernmental Revenue Public Service Co.Tax
8,840,000 ">.
2.0%
4.4% TAT(capped by Legislature)
3.5% Prior Year Fund Balance
2.1% License & Permits
1.9% Charges for Services
2.2% Other Miscellaneous Charges
100% Total Revenues, $439,737,760
Real Property Tax
332,700,000
75.7%
General Fund Expenditures — FY20, March Request
T * FY2019 Budget: $419,431,046 i $439,737,760
7
Other General Government
Includes 38,917,802 51,213,261
• Uncontrollable fringe increases 8.9% ___ --- _— 11.6°:
Health Fund _
• BU12, 36, 92 (police) increases 60,272,000
• BU 1, 61 increase 13.7%
-------------
• Additional Police Officers (42)
• All other additional staff (General / 2'.
Fund)
• IT (1)
• Public Works (2)
• P&R (6)
I
Does not include
• Additional Increases which y '
may result from remaining
BU negotiations Pensio &
Retirement Public Safety
61,431,000 143,377,564
14.0% 32.6%
Debt Service Mass Transit
47,260,287 Health, Education&Welfare 3,358,000
10.7% Culture&Educati 11,247,013 0.8%
22,660,833 2.6% (only grants)
5.1%
Total employee fringe - all funds
$160.000
ERS & FICA ' OPEB & Health Insurance 100 o
100: ARC
$140.000 ARC
Fiscal Year FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22
Act 268 ARC 20% 40% 60% 80% 100% 100% 100% 100% 100%
Act 17 Police/Fire 25% 25% 25% 28% 31% 36% 41% 41% ARC
$120.000 Others 17% 17% 17% 18% 19% 22% 24% `^°
*ARC=Annual Required Contributions 80%
ARC S 70
$100.000 $ 2
60%
ARC
40%
100°•% 100% ARC $ 4
$80.000 ARC ARC 20
100° ARC
100% ARC <20°.b s 3
ARC ARC
0% 0'° $ 2
$60.000 ARC ARC 537.292
532.263
$ 9 $ 3 $ 9 $29.956
$40.000 $ 18 5 02 $ 1 1
Mid
$ O
0
$- 7
$49.494
$20.000 541.359 $43.718
$28.870 $28.509 $27.284 $27.773 $29.816
$33.032 $38.485
$24.296
$0.000 :.;
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 (B)FY20 (E)FY21 (E)
ACT 17 (SB 936) ERS Contribution Rates
Employer Contribution Rates
by Fiscal Years General Employees Police & Firefighters
7/1/2016 - 6/30/2017 17.00% 25.00%
7/1/2017 - 6/30/2018 18.00% 28.00%
7/1/2018 - 6/30/2019 19.00% 31.00%
7/1/2019 - 6/30/2020 22.00% 36.00%
7/1/2020 - 6/30/2021 24.00% 41.00%
Total Increase in Rates: 41.2% 64.0%
6
GENERAL FUND UNCONTROLLABLE INCREASES
(ERS, OPEB, Debt Service, EUTF)
Uncontrollable Increases
• Total increase of ERS, OPEB, debt FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 TOTAL INCREASE
FY17-22
service & EUTF over 5 years
ERS 34,500,000 39,005,281 43,000,000 53,896,000 59,704,000 61,204,000 26,704,000
• Amount does not include
collective bargaining unit salary & Health Ins 42,495,000 48,568,059 55,806,000 60,272,000 62,720,000 66,845,000 24,350,000
wage increases Debt Service 43,858,131 49,129,513 49,003,708 47,260,287 56,777,750 53,858,891 10,000,760
TOTAL 120,853,131 136,702,853 147,809,708 161,428,287 179,201,750 181,907,891 61,054,760
General Fund ERS, OPEB & EUTF ERs,OPEB& EUTF
% of General Fund $114,168,000
120,000,000 30.00%
25.96%
100,000,000 25.00%
80,000,000 — 20.00%
13.07%1
60,000,000 — — — — 15.00%
ERS, OPEB& EUTF
40,000,000 $29,734,880 f` -- ___
10.00%
ill20,000,000 5.00%
0 0.00%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
ERS OPEB EUTF EUTF, ERS&OPEB as%of GF
County of Hawaii
Fund Balance Trend - General Fund
FUND BALANCE:
Fiscal Year Total Fund Budgeted For Fund Balance
Balance Future Year
• Budgeted for Future Year is used to
balance the following year's budget 2012 32,777.101.86 18,003.150.00 14,773.951.86
• FB for 2017 was$89K
2013 37,342,177.30 21,650,000.00 15,692,177.30
• Budgeted FB for 2018 was lowered due
to trend established in 2017
2014 36,186,254.85 25,545.000.00 10,641,254.85
• Hawai'i County Code Section 2-220
establishes a policy to accumulate 2015 34,200,573.12 25,945.000.00 8,255,573.12
between 5— 15%of general fund
expenditures between the fund balance
and budget stabilization fund. 2016 29,664.870.26 26,393,000.00 3,271,870.26
2017 20,323,606.32 20,234,681.00 88,925.32
2018 27,280,763.16 15,300,000.00 11,980,763.16
9
THANK YOU FOR TAKING THE TIME TO
MEET WITH US !
THANK YOU FOR TAKING THE TIME TO
MEET WITH US !
Questions?