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Honorable Pete Hoffmann <br /> February 29, 2008 <br /> <br /> deteriorated facilities (9% or 12.4M), general government (9% or $11.5M), and <br /> <br /> culture/recreation (5% or $6.4M). <br /> Funding Sources <br /> Capital projects are typically funded by debt (bonds, State Revolving Fund loans), <br /> revenue sources (fuel tax, other special revenues), State grants, and various federal <br /> grant or loan sources. The Capital Budget presented herein includes those capital <br /> projects intended to be funded in whole or part by bonds or special revenues, fair share <br /> contributions, or State Revolving Fund loans. The Capital Budget also includes <br /> appropriations to receive specified Federal and State grants. <br /> The State Revolving Fund, which is a low interest loan program for wastewater projects, <br /> is the proposed source for three projects totaling $15M: the Honokaa large-capacity <br /> cesspool replacements, for the Naalehu and Pahala large-capacity cesspool <br /> replacements with sewer systems, and the Kalanianaole Interceptor Sewer Rehab. <br /> There are six (6) projects totally 19.487M requiring County matching funds to leverage <br /> funds from federal or State sources: Naalehu and Pahala large-capacity cesspool <br /> Replacements with Sewer Systems, Bridge Inspection & Appraisals of County Bridges <br /> (match for FHWA funds), Lindsey Road Bridge Replacement, Reed's Island Bridge <br /> Replacement, Kaloko Housing Program and ADA Compliance in parks. The Highway <br /> Fund is funded by special revenues generated by fuel taxes vehicle and trailer weight <br /> tax, public utilities franchise tax and other miscellaneous sources. Although projects <br /> funded solely by fuel tax are approved in a separate ordinance, the CIP includes one <br /> project -the Painted Church Road Safety Improvements, intended to be funded by the <br /> Highway Fund ($142,000) that will not be duplicated in the fuel tax budget ordinance. <br /> Table 1 and the proposed ordinance list the proposed funding source for each project. <br /> Pending vs. New Projects <br /> Approximately $17.3M consists of pending projects that needed to be reappropriated <br /> because those funds would lapse and cannot be encumbered by June 30, 2008. If a <br /> lapsing project required an amount different from its existing appropriation, the project <br /> was treated as a new appropriation rather than a reappropriation. <br /> 5 <br /> <br />