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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: January 23, 2008 Re: Comm. No. 933/Bill No. 222 <br /> <br /> PLACE: Council Chambers <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. 222, reports as follows: <br /> Bill No. 222, transmitted by Finance Director William Takaba, via Communication No. 933, dated <br /> January 10, 2008, for an ordinance re-appropriating the lapsed fuel tax funds from the past fiscal years, <br /> dating back to fiscal year 1994-1996 and up to fiscal year 2002-2004. These funds will be appropriated back <br /> into the highway/traffic division projects with the island districts and to the Circle Island and Bridge <br /> program. The funds will be re-appropriated to the following districts/categories: <br /> Circle Island & Bridges Program $3,746,020.60 <br /> Puna 184,621.69 <br /> South Hilo 17,595.38 <br /> North Hilo 70,783.67 <br /> Hamakua 35,545.34 <br /> South Kohala 4,256.00 <br /> North Kona 500,226.87 <br /> South Kona 90.28 <br /> Ka`u 36,397.36 <br /> Total $4,595,537.19 <br /> The source of lapsed funding are as follows: <br /> 2271.25 Fund Balance -Fuel Tax Increase 94-96 $ 195,269.11 <br /> 2271.26 Fund Balance -Fuel Tax Increase 96-98 428,576.08 <br /> 2271.27 Fund Balance -Fuel Tax Increase 98-00 665,404.08 <br /> 2271.28 Fund Balance -Fuel Tax Increase 00-02 734,800.67 <br /> 2271.29 Fund Balance -Fuel Tax Increase 92-04 2,571,487.25 <br /> Total $ 4,595,537.19 <br /> Department of Public Works Deputy Director Jiro Sumada provided a power point presentation clarifying <br /> the overall goals to provide the County with a reliable and adequate revenue source to support the safe and <br /> efficient operation and maintenance of County roads and highways, and also to develop a long term strategic <br /> plan to support infrastructure improvements that will keep pace with the increased demand for all forms of <br /> transportation. Mr. Sumada informed Your Committee will be forthcoming legislation to release restrictions <br /> on TEA-21 projects by amending the original definition of circle island to "Principle Streets & Bridges." <br /> This will allow use of funds for Non-FHWA Projects for large projects around the island. <br /> FC Report No. 235 <br /> <br />