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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> <br /> DATE: May 6, 1997 Re: Comm. No. 260 <br /> <br /> PLACE: Councilroom <br /> <br /> TIME: 10:50 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. 260, reports as follows: <br /> Communication No. 260, transmitted by Al Smith, Secretary-'T'reasurer for the Hawaii State <br /> Association of Counties (HSAC), dated April 16, 1997, submits the proposed HSAC Annual <br /> Budget for fiscal year 1997-98. <br /> Pursuant to the By Laws of the Hawaii State Association of Counties, Section 17, Budget, the <br /> executive committee shall prepaze and submit to each council an operating budget. The budget <br /> shall present a complete financial plan for the current operations of the corporation in the ensuing <br /> fiscal year which will be shazed commonly and equally by all councils. <br /> The HSAC proposed budget for fiscal year 1997-98 is $44,292. The following assumptions and <br /> changes have been incorporated into the proposed budget: <br /> 1. Interest Income will decrease due to lower cash balances within financial institutions. <br /> 2. Dues will remain the same. <br /> 3. Fund Balance is estimated at $8,992.00 <br /> 4. Inter-island travel will be budgeted at $100.00 per round-trip. <br /> 5. NACo and WIR travel will revert to the FY 95-96 authorization level of 3 per county. <br /> 6. WTR Promotional will be reduced to the FY 95-96 authorization level. <br /> Your Committee on Finance is in accord with the purpose and intent of Communication No. 260 <br /> and recommends its approval. <br /> Ikc <br /> Ayes Noes A&E EX <br /> Respectfully submitted <br /> CHUNG X <br /> LEITHEAD-TODD x C IvJi~'TEE FINANCE <br /> RAV X _ <br /> SANTANGELO X L. ~ ~ j <br /> SMITH X 1 <br /> TYLER X AARON S.Y. CHUNG, AIR <br /> YAGONG X FC REPORT NO. 7 8 <br /> ARnxnxt, s.o.n~ ADOPTED: MA 199. <br /> <br />