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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: October 5.2004 <br />PLAC`E` Council Chambers <br />"TIME: 10:10 a.m. <br />Re: Comm. No. 774/Bill No. 331 <br />Council Chair and Members <br />llawai`i County Council <br />Hilo. Hawaii 96720 <br />Your Committee on Finance. to which was referred Bill No. 331. reports as follows: <br />Bill No. 331, transmitted by Director of Finance William Takaba, via Communication No. 774. <br />dated September 22, 2004, amends Ordinance No. 04-74, as amended, the Operating Budget. <br />ending June 30, 2005. The amendment is as follows: <br />From: <br />3609.OR Fund Balance from Prior Year-Reserved Highway $261,239?4 <br />fo: <br />020-801-5801.34 Transfer to Capital Project Fund Highway $261?39.24 <br />This ordinance appropriates the excess fuel tax revenues collected in fiscal year 2003-2004, <br />which needs to be transferred to the Capital Project Fund. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 331 and <br />recommends it pass first reading. <br />smc <br /> A1'4:S NOFK ~&F. Aliti <br />CHUNC X <br />SA FA R I I< X <br />.4RAI<.4K1 X <br />F,LARIONOFF X <br />HOLSCHOH X <br />JACOBSON X <br />REYNOLDS X <br />TULANG X <br />TYLER x <br />AARON S.Y. CFIUNG. CHAT <br />FC REPORT NO. 316 <br />ADOPTED: nCT 2 0 9Md <br />Respectfully submitled <br />