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Hawaii County 2008 CAFR
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10-09-2009, 04:32 AM
http://www.co.hawaii.hi.us/finance/cafr.htm
Please check out page 58 (of many interesting pages) from part 2 http://www.co.hawaii.hi.us/finance/cafr/...rt%202.pdf feelings?
10-09-2009, 05:06 AM
Apparently something intrigues you with these documents.
Can you enlighten us?
Assume the best and ask questions.
Punaweb moderator
10-09-2009, 08:33 AM
they county is holding almost 133 million in 1 year paper. This money is not included in any "Budget" it is considered "Investment Income and Assets" The county owes about 260 million in long term bonds it has sold. The debt service of these bonds is figured in the budget. What is the 133 million in 1 year paper doing?
My point is that I try to bring to light what the government is doing and how much money it really has. the county is not broke, far from it. The government is not running a zero sum game. they are serving there own interests generating its own revenue from business functions that are non critical to the function government. It runs 2 sets of books, which the CAFR clearly shows. They operate as a government funded by taxes, and then the same entity (county, state, etc) turns around and generates revenue from "Business activities" where that money never finds it way into the general fund to pay for or reduce the operating costs of the government itself. At the same time its sitting on this money, it then goes ahead and issues bonds which get paid back by tax payers to actually pay for big projects.
10-09-2009, 12:24 PM
quote:It generated $12,144,238.00 in interest income for the County. Of that $11,873,878.00 was placed in the General Fund to be used to provide services. The rest ($270,360.00) was for dedicated funds. It's all detailed in the budget. |
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