HomeMy WebLinkAboutCOM 0117.037 2018-2020 .v os h.. � Phone: (808)961-8564
County of Hawai`i .., ..
\i'�'
Council District 9- ,'+ • (808)887-2069
� � �'.•
North and South Kohala .. -- •• Email:tim.richards@hawaiicountv.gov
Chair: Committee on Agriculture, .,•f44.6 s`::°•`�;�`� Vice Chair: Committee on Finance
Water, Energy, &Environmental , oM� `-
Management
HERBERT M. "TIM" RICHARDS, III
HAWAII COUNTY COUNCIL
District 9 o f,
25 Aupuni Street, Ste. 1402, Hilo, Hawai`i 96720 a
C::
2
Memorandum No. 09 Z
--,
TO: Aaron S. Y. Chung, Council Chair — ^Y1
ZC r -
and Members of the Hawai`i County Council r ;
�J
FROM: Herbert M. "Tim" Richards, III, Council Member r>
DATE: June 5, 2019
SUBJECT: Proposed Amendment to Bill No. 30, Draft 3; Proposed Operating Budget for
Fiscal Year 2019-2020
Below is a proposed amendment to Bill No. 30, Draft 3,regarding the proposed Operating
Budget for fiscal year 2019-2020. This proposed amendment would amend the General Excise
Tax Fund expenditure accounts as follows: decrease Trans to Cap Project Fund-GET account
by $10,000,000; and increase Interest on GO Bonds-County account by $4,000,000 and General
Serial Bond Reduction-County account by $6,000,000.
The following amendment affecting appropriations to the General Excise Tax Fund expenditure
accounts are reflected below:
Proposed Budget Amendments
General Excise Tax Fund
Revised
2019-2020 2019-2020
Account No. Account Description Estimate Add/(Reduce) Estimate
Expenditures
025.R0I.5 O I. 7 Trans to Cap Proj Fund-GET 12.660.000 (10.000.000) 2.66(.)00
311 'Frans to Cap Proj Fund-GET,Misc.Charges 12,660,000 (10,000,000) 2.660.000
1 -TRANS'I 0 CAP PROJ FUND-GET 12,660,000 (10,000,000) 2.660,000
025.801.5803.01 Intcre,t on( -)omity 2.000.000 1.000.000 6.0011,000
341 Int On GO 10 lids-County,Misc.Charges 2.000.000 4.000.000 6,000,000
I -GO BONDS 2.000,000 4,000,000 6,000,000
0_25.801.580 3.02 General Serial Boni Red-Counl) 5.600.000 6.000.000 11.600,000
341 Gen Ser Bond Red-County.Misc.Charges 5,600,000 6.000.000 11.600,000
1 -GO BONDS 5.600,000 6,000,000 11.600,000
Total Expenditure Adjustments 0
TR/dbk Comm. No. In ' �1
Ref. To: GoUnu
Hawai'i County is an Equal Opportunity Provider and Employer Ref. Date JUN 0 5 2019