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• • <br />REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: Apri121, 2008 Re: Comm. No. 1040/Bill No. 253 <br />PLACE: Sheraton Keauhou Bay Resort and Spa <br />78-128 Ehukai Street <br />Kailua-Kona, Hawaii <br />TIME: 4:53 p.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. 253, reports as follows: <br />Bill No. 253, transmitted by Mayor Harry Kim, dated February 20, 2008, is an ordinance related <br />to public improvements and financing thereof for the fiscal year July 1, 2008 to June 30, 2009 <br />(the Capital Improvement Projects Budget for Fiscal Year 2008-2009). The proposed Capital <br />Budget (CIP) for FY 2008-2009, and the Capital Program for the next six years from Fiscal Year <br />2008-09 to 2013-14, consisting of 68 projects requiring a total appropriation of $134,976,000, of <br />which $15,686,000 is Federal Grants Receivable, $4,450,000 is State Grants Receivable, and <br />$15,037,000 is County-financed through State Revolving Fund (SRF) loans. <br />Your Committee on Finance is in accord with the purposes and intent of Bill No. 253, and <br />recommends it pass first reading. <br />bl <br /> AYES NOES A&E EX <br />FORD X <br />RIGA X <br />HOFFMANN X <br />IKEDA X <br />JACOBSON X <br />NAEOLE X <br />PILAGO X <br />YAGONG X <br />YOSHIMOTO X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />DOMINIC YAGO G, C <br />FC REP N <br />ADOPT <br />