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IZEPOItT OF TIIE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: September 11, 2001 Re: Comm. No.325/Res. No. 120-01 <br /> PLACE: Council Chambers <br /> TIME: 10:50 A.M. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Resolution No. 120-01, reports as follows: <br /> Resolution No. 120-01, transmitted by Director of Finance William Takaba, via <br /> Communication No. 325, dated August 28, 2001, authorizes the payment of funds of a later <br /> fiscal year and of more than one fiscal year for amulti-year lease for two postage meters. <br /> The Office of the Corporation Counsel, Family Support Division, wishes to enter into afive-year <br /> lease contract for two postage meters. Funds would be budgeted in future fiscal years to cover <br /> the anticipated costs. <br /> Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation <br /> requiring payment of funds from the appropriations of a later fiscal year must be approved by <br /> resolution. <br /> Your Committee on Finance is in accord with the purpose and intent of Resolution No. 120-01 <br /> and recommends its adoption. <br /> smc <br /> nvES NOES n&E Ex Respectfully submitted <br /> CNUNG X <br /> Plslccl-Ilo x COMMITTEE ON FINANCE <br /> ARAKAKI X <br /> ELARIONOFF X <br /> JACOI$sON X <br /> LEIT&IEAD-TODD X <br /> SAFAR[K x AARON S.Y. CHUNG, HAIR <br /> TYLER X FC REPORT NO. 119 <br /> YAGONG X ADOPTED: SEF~ <br /> _ _ _ <br /> <br />