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Virginia Isbell a Phone No.: (808) 326-5684 <br /> CoweilMember , • Fax No.: (808) 329-4786 <br /> <br /> District 7 -Central Kww E-Mail: visbell(a~co.hawaii.hi.us <br /> ?c~:rive3 <br /> A•di ilme.S~45pH . 8y.-.~ <br /> po~__MAY .9_2..200~- <br /> HAWAI`I COUNTY COUNCIL `ounty Coundl <br /> County of Hawai 'i <br /> 75-5706Hanama Place, Suite 109 <br /> Kailua-Kona, Hawaii 96740 <br /> April 29, 2005 <br /> The Honorable Hazry Kim <br /> Mayor, Cou~y of Hawaii <br /> 25 Aupuni Street <br /> Hilo, HI 96720 <br /> Deaz Mayor Kim: <br /> This is to request that Draft 2 of the Capital Budget Bi1143 include the Operating and Maintenance <br /> (08tM) costs on the "Project Data/Financial Impact Statements" for applicable projects. Draft I "Project <br /> Data/Fimmancial Impact Stateme~s" contain a sentence that acknowledges impacts on the operational <br /> budget, but do not include those figures. <br /> The information would be wnsiste~ with Section 10-6, Hawaii County Charter, which states, in part: <br /> (a) The capital budget shall contain at least the following: <br /> (1) A simple, cleaz, general sumnmary of the detailed comrtents of the capital budget. <br /> (2) The capital improvements pending or proposed to be undertaken within the <br /> ensuing fiscal yeaz, together with the estimated cost of each improvement, the <br /> estimated operating cost, and the pending or proposed method of financing it. <br /> (3) Capital expenditures to be financed from current revenues in the ensuing fiscal <br /> yeaz." [emphasis added] <br /> The estimated operating costs are meatmt to help the County prepaze for future years' operating budgets. <br /> Thank you very much for your cooperation. <br /> Srine1erely, <br /> U^^-- <br /> Virgi~Isbell, Chair <br /> Committee on Finance <br /> xc: Chris Yuen, Director of Planning <br /> Bill Takaba, Director of Finance <br /> Comm. No. ~.S Z <br /> Ref. To: Gt~ <br /> Ref. Uats MAY 2 70~ <br /> <br />