REP FC 337 10/19/2004 2002-2004 - Laserfiche WebLink

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REPORT OF THE COMMITTEE ON FINANCE DATE: October 19, 2004 PLACE: Council Chambers f[ME: 1:25 p.m. Council Chair and Members Hawaii County Council Milo, Hawaii 96720 Re: Comm. No. 804/Bill No. 350 Your Committee on Finance, to which was referred Bill No. 350, reports as follows: Bill No. 350, transmitted by Mayor Harry Kim, via Communication No. 804, dated October 7, 2004, amends Ordinance No. 04-74. as amended, the Operating Budget, ending June 30, 2005. The amendment is as follows: Prom: 3609.10 Fund Balance from Prior Year General $3,217.488 Tb 010-161-516.01 Research and Development S&W 010-171-5171.22 Building R & M OCE 010-801-5801.33 Transfer to Capital Project Fund-G 0l 0-801-5801.43 Transfer to Self Insurance Fund 'these additional funds will be used as follows: General $ 37,488 $ 80,000 $ 600,000 $2,500,000 TOTAL $3,217,488 • Self-Insurance Fiord ($2,500,000) to cover approved and anticipated settlements and to provide a reserve for future claims. • Parks & Recreation Repair and Maintenance ($600,000). $100,000 will be used to replace up to ten life guard towers, four of which have already been removed because they were unsafe. 'i~he additional $500,000 will be used to make major repairs to Laupahoehoe gym, La`aloa Beach Park and other park facilities. • Honoka'a Sewer System ($80,000) will be used for a preliminary engineering study for the County~s sewer system in downtown Honoka`a. The estimated cost of the study is $100,000, of which $20,000 will be covered by Council Member Fred Holschuh's discretionary fund. • Research & Development Deputy Director ($37,488) will be used to fund the Research & Development Deputy position for the last six months of this fiscal year. Pursuant to Section 10-8 of the Hawaii County Charter relating to supplemental appropriations. the Mayor has certified that there is an excess balance of $6,697,734.37 in the General Fund fund balance as of Junc 30, 2004. FC REPORT NO. __ 337