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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: January 23, 2008 Re: Comm. No. 929/Bill No. 221 <br /> <br /> PLACE: Council Chambers <br /> <br /> TIME: 10:20 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 221, reports as follows: <br /> Bill No. 221, transmitted by Director of Finance William Takaba, via Communication No. 929, <br /> dated January 8, 2008, amends Ordinance No. 07-83, as amended, relating to public improvements <br /> and financing thereof for the fiscal year July 1, 2007 to June 30, 2008, by increasing the <br /> appropriation of the Earthquake Damages -FEMA project by $850,000 in the Capital Improvement <br /> Budget as Follows: <br /> FINANCF, <br /> Earthquake Damages -FEMA ($1,200,000] $2,050,000 <br /> (110.199.55199.24) <br /> Funds for this appropriation increase shall be provided from: <br /> General Obligation Bonds, Capital Projects Fund - $ 850,000 <br /> Fund Balance and/or Other Sources <br /> Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget <br /> for that year with atwo-thirds vote. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 221, and <br /> recommends it pass first reading. <br /> la <br /> nvES noes a&e ex Respectfully submitted, <br /> FORD X <br /> H~cA x COM ITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> JACOBSON X <br /> NAEOLE X <br /> FILACO x DOMINIC YAGON H <br /> YAGONG X FC REPO NO. 233 <br /> YOSHIMOTO X ADOPTED: B 2000 <br /> <br />