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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: March 17, 1998 Re: Comm. No. 734 <br /> PLACE: Councilroom <br /> TIME: 11:00 A.M. <br /> Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Communication No. 734, reports as follows: <br /> Communication No. 734, transmitted by Al Smith, Secretary-Treasurer for the Hawaii State <br /> <br /> Association of Counties (HSAC), dated February 23, 1998, submits the proposed HSAC Annual <br /> <br /> Budget for fiscal year 1998-99. <br /> <br /> Pursuant to the By Laws of the Hawaii State Association of Counties, Section 17, Budget, the <br /> executive committee shall prepare and submit to each Council an operating budget. The budget <br /> <br /> shall present a complete financial plan for the current operations of the corporation in the <br /> ensuing fiscal year which will be shared commonly and equally by all Councils. <br /> <br /> The HSAC proposed budget for fiscal yeaz 1998-99 is $46,074. The following aze assumptions <br /> <br /> and changes: <br /> 1. Interest Income projection same as last FY. <br /> 2. Dues will remain the same. <br /> 3. Fund Balance is estimated at $10,774. <br /> 4. Auditing/Accounting will be increased by 5% to $4,750. <br /> 5. Stationery will be budgeted for $1,000. <br /> 6. NACo Dues to increase by 2.8%. <br /> <br /> Your Committee on Finance is in accord with the purpose and intent of Communication No. 734 <br /> <br /> and recommends its approval. <br /> <br /> ]kc <br /> Aya Noes A&E EX <br /> Respectfiilly submitted <br /> CHUNG X <br /> LEITHEAD-TODD x CO/hTTEE ON FINANCE <br /> RAY X <br /> SANTANGELO X ~ <br /> SMITH X <br /> TYLER x AARON S.Y. CHUNG, HAIR <br /> YAGONG X FC REPORT NO. 215 <br /> nxnxntcl, ~o.n;-. ADOPTED: APR <br /> <br />