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Harry Kim aMtY 0!. <br /> Deanna S. Sako <br /> Mayor cP°w� ,, <br /> Y ,�,di� Director <br /> �-- - Steven A.Hunt <br /> r�r�•o f.N�ryr Deputy Director <br /> County of Hawai' <br /> Finance Department <br /> 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 <br /> (808)961-8234 • Fax(808)961-8569 <br /> October 14, 2019 <br /> Aaron Chung, Council Chair and J <br /> Members of the Hawai'i County Council 7v <br /> Hawai'i County Council <br /> 25 Aupuni Street <br /> Hilo, Hawai'i 96720 <br /> Re: Fund Balance Notification for June 30 2019 <br /> Pursuant to Hawai'i County Code Section 2-12.4, 1 am transmitting the June 30, 2019, fund <br /> balance information: <br /> Fund Balance $11,653,628.29 <br /> Fund Balance Designated for Future Year 21,819,518.00 <br /> Total Budgetary Fund Balance, June 30, 2019 $33.473.146.29 <br /> The fund balance was the net result of revenues, such as interest, being more than budgeted, and <br /> expenditures in several areas being lower than expected due to careful spending by the <br /> departments. Another component of the fund balance is the unappropriated fund balance from <br /> the prior fiscal year. <br /> This fund balance will be helpful in meeting next year's budgetary needs. Balancing the fiscal <br /> year 2020-21 budget will continue to be challenging given the current economic climate. <br /> Should you have any questions regarding this information, please feel free to contact me. <br /> f' <br /> Deanna Sako <br /> Finance Director <br /> Comm. No. <br /> Ref. To: -C <br /> Hawaii County is an Equal Opportunity Employer and ProviderRef. gate OCT 1 5 2019 <br />