I appreciate the Department of Finance’s responses and the opportunity to review the FY 2025 and FY 2026 carryover and savings information presented today. I recognize that this is an informational item and that no legislative action is being taken at this time.
The materials provided reflect a high level of institutional experience and technical competence. At the same time, long-standing systems and crisis-driven financial structures place an increased responsibility on all of us to ensure that public funds remain understandable and traceable to the communities they serve.
Several areas remain incomplete or deferred, including the absence of Capital Improvement Project detail, the exclusion of Department of Water Supply data, and the lack of readily available historical documentation for the creation and authorization of the Housing, Interim Financing, and Buyback Revolving Enterprise Fund. These gaps do not imply impropriety, but they do limit the public’s ability to fully assess what funds are unavailable by legal necessity versus unavailable by convention or timing.
Additionally, the scale of unspent Category A and B/C appropriations, combined with significant revenue collections in excess of budget, suggests the need for ongoing reflection on how budgeting, execution capacity, and policy priorities are aligned. As experience and authority increase, so does the obligation to ensure that fiscal decisions are not only compliant, but clearly explained and periodically reexamined in a public setting.
I offer these comments in the spirit of stewardship and transparency, and I encourage the Committee to continue requesting complete information before future certifications or appropriations are advanced. Thank you for the opportunity to comment.
Edward Codelia
Maui Resident
I appreciate the Department of Finance’s responses and the opportunity to review the FY 2025 and FY 2026 carryover and savings information presented today. I recognize that this is an informational item and that no legislative action is being taken at this time.
The materials provided reflect a high level of institutional experience and technical competence. At the same time, long-standing systems and crisis-driven financial structures place an increased responsibility on all of us to ensure that public funds remain understandable and traceable to the communities they serve.
Several areas remain incomplete or deferred, including the absence of Capital Improvement Project detail, the exclusion of Department of Water Supply data, and the lack of readily available historical documentation for the creation and authorization of the Housing, Interim Financing, and Buyback Revolving Enterprise Fund. These gaps do not imply impropriety, but they do limit the public’s ability to fully assess what funds are unavailable by legal necessity versus unavailable by convention or timing.
Additionally, the scale of unspent Category A and B/C appropriations, combined with significant revenue collections in excess of budget, suggests the need for ongoing reflection on how budgeting, execution capacity, and policy priorities are aligned. As experience and authority increase, so does the obligation to ensure that fiscal decisions are not only compliant, but clearly explained and periodically reexamined in a public setting.
I offer these comments in the spirit of stewardship and transparency, and I encourage the Committee to continue requesting complete information before future certifications or appropriations are advanced. Thank you for the opportunity to comment.
Edward Codelia
Maui Resident
Chair and Members of the Committee,
I appreciate the Department of Finance’s responses and the opportunity to review the FY 2025 and FY 2026 carryover and savings information presented today. I recognize that this is an informational item and that no legislative action is being taken at this time.
The materials provided reflect a high level of institutional experience and technical competence. At the same time, long-standing systems and crisis-driven financial structures place an increased responsibility on all of us to ensure that public funds remain understandable and traceable to the communities they serve.
Several areas remain incomplete or deferred, including the absence of Capital Improvement Project detail, the exclusion of Department of Water Supply data, and the lack of readily available historical documentation for the creation and authorization of the Housing, Interim Financing, and Buyback Revolving Enterprise Fund. These gaps do not imply impropriety, but they do limit the public’s ability to fully assess what funds are unavailable by legal necessity versus unavailable by convention or timing.
Additionally, the scale of unspent Category A and B/C appropriations, combined with significant revenue collections in excess of budget, suggests the need for ongoing reflection on how budgeting, execution capacity, and policy priorities are aligned. As experience and authority increase, so does the obligation to ensure that fiscal decisions are not only compliant, but clearly explained and periodically reexamined in a public setting.
I offer these comments in the spirit of stewardship and transparency, and I encourage the Committee to continue requesting complete information before future certifications or appropriations are advanced. Thank you for the opportunity to comment.
Edward Codelia
Maui Resident
Chair and Members of the Committee,
I appreciate the Department of Finance’s responses and the opportunity to review the FY 2025 and FY 2026 carryover and savings information presented today. I recognize that this is an informational item and that no legislative action is being taken at this time.
The materials provided reflect a high level of institutional experience and technical competence. At the same time, long-standing systems and crisis-driven financial structures place an increased responsibility on all of us to ensure that public funds remain understandable and traceable to the communities they serve.
Several areas remain incomplete or deferred, including the absence of Capital Improvement Project detail, the exclusion of Department of Water Supply data, and the lack of readily available historical documentation for the creation and authorization of the Housing, Interim Financing, and Buyback Revolving Enterprise Fund. These gaps do not imply impropriety, but they do limit the public’s ability to fully assess what funds are unavailable by legal necessity versus unavailable by convention or timing.
Additionally, the scale of unspent Category A and B/C appropriations, combined with significant revenue collections in excess of budget, suggests the need for ongoing reflection on how budgeting, execution capacity, and policy priorities are aligned. As experience and authority increase, so does the obligation to ensure that fiscal decisions are not only compliant, but clearly explained and periodically reexamined in a public setting.
I offer these comments in the spirit of stewardship and transparency, and I encourage the Committee to continue requesting complete information before future certifications or appropriations are advanced. Thank you for the opportunity to comment.
Edward Codelia
Maui Resident