HomeMy WebLinkAboutCOM 0543.000 2018-2020 Harry Kim aMtY 0!.
Deanna S. Sako
Mayor cP°w� ,,
Y ,�,di� Director
�-- - Steven A.Hunt
r�r�•o f.N�ryr Deputy Director
County of Hawai'
Finance Department
25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720
(808)961-8234 • Fax(808)961-8569
October 14, 2019
Aaron Chung, Council Chair and J
Members of the Hawai'i County Council 7v
Hawai'i County Council
25 Aupuni Street
Hilo, Hawai'i 96720
Re: Fund Balance Notification for June 30 2019
Pursuant to Hawai'i County Code Section 2-12.4, 1 am transmitting the June 30, 2019, fund
balance information:
Fund Balance $11,653,628.29
Fund Balance Designated for Future Year 21,819,518.00
Total Budgetary Fund Balance, June 30, 2019 $33.473.146.29
The fund balance was the net result of revenues, such as interest, being more 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 2020-21 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.
f'
Deanna Sako
Finance Director
Comm. No.
Ref. To: -C
Hawaii County is an Equal Opportunity Employer and ProviderRef. gate OCT 1 5 2019