Title
FISCAL YEAR 2018 GOLF FUND ESTIMATED REVENUE SHORTAGE (BF-140)
Description
The Committee is in receipt of the following:
1. County Communication 18-125, from Mayor Alan Arakawa, informing that the Department of Parks and Recreation estimates a $355,000 shortfall in golf fund revenue in Fiscal Year 2018.
2. Correspondence dated May 4, 2018, from the Budget Director, transmitting the following:
a. A proposed bill entitled “A BILL FOR AN ORDINANCE AMENDING THE FISCAL YEAR 2018 BUDGET FOR THE COUNTY OF MAUI AS IT PERTAINS TO ESTIMATED REVENUES; DEPARTMENT OF FINANCE, COUNTYWIDE COSTS, DEPARTMENT OF PARKS AND RECREATION, WAIEHU GOLF COURSE PROGRAM - GOLF FUND; TOTAL OPERATING APPROPRIATIONS; AND TOTAL APPROPRIATIONS (OPERATING AND CAPITAL IMPROVEMENT PROJECTS).” The purpose of the proposed bill is to amend the Fiscal Year 2018 Budget by 1) decreasing revenues for Charges for Current Services by $355,000; 2) increasing the estimated revenues for Interfund Transfers by $110,000; 3) increasing Carryover/Savings in the General Fund by $110,000; 4) amending Section 3.B.4.f.(4), Department of Finance, by increasing the Countywide Costs, Supplemental Transfer to the Golf Fund, by $110,000 under Category B - Operations, and adjusting the total accordingly; 5) amending Section 3.B.10.d.(1), Department of Parks and Recreation, by decreasing the Waiehu Golf Course Program - Golf Fund, General, by $85,000 under Category A - Salaries, decreasing $160,000 under Category B - Operations, and Total by $245,000, and decreasing Total by $135,000; and 6) Adjusting Total Operating Appropriations and Total Appropriations (Operating and Capital Improvement Projects) accordingly.
b. A Certification of Additional Revenues for Fiscal Year 2018, dated May 4, 2018, for $110,000 in Carryover/Savings from the General Fund.
Status
The Committee may consider whether to recommend passage of the proposed bill on first reading, with or without further revisions. The Committee may also consider the filing of County Communication 18-125 and other related action.