The Garden Island corrects errors of fact in news stories. If you notice an error, please contact us at one of the numbers listed in the staff box below. • The Garden Island reported in Wednesday’s county-budget stories that by
The Garden Island corrects errors of fact in news stories. If you notice an error, please contact us at one of the numbers listed in the staff box below.
• The Garden Island reported in Wednesday’s county-budget stories that by the start of fiscal year 2011, beginning July 1, the county will have approximately $17.35 million in unassigned funds. Those numbers should’ve included $7.35 million the county saved when it got good rates while negotiating bond floats for capital-improvement projects, plus another roughly $5 million that will be confirmed in the next six weeks, from estimated revenues over expenditures in the current fiscal year. After subtracting approved budget appropriations of $1.44 million in the current fiscal year, the county’s estimated unassigned reserves should be $28.26 million, according to a document used in a presentation Monday by county Finance Department Director Wally Rezentes Jr.
