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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: July 7, 2009 <br />PLACE: Councilroom <br />Ben Franklin Building, 2"d Floor <br />Hilo, Hawaii <br />TIME: 1:53 p.m. <br />Re: Comm. No. 414Bi11 No. 104 <br />Council Chair and Members <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance, to which was referred Bill No. 104, reports as follows: <br />Bill No. 104, transmitted by Director of Finance Nancy Crawford, via Communication No. 414, <br />dated June 22, 2009, amends Ordinance No. 09-64, as amended, the Operating Budget, ending <br />June 30, 2010. The amendment is as follows: <br />FROM: <br />3609.61 Fund Balance from Prior Year-Designated County Hsg Revolving $221.75 <br />TO <br />154.461.5464.60 Kohala Ranch Project IV County Hsg Revolving $191.66 <br />154.461.5464.61 Luala`i at Parker Ranch Phase II County Hsg Revolving 25.95 <br />154.461.5464.62 Wainani Estates Subdivision Phase I County Hsg Revolving 4.14 <br />TOTAL $221.75 <br />These funds will be maintained separately and will be expended in accordance to the requirements <br />of their respective housing agreements. <br />Pursuant to Section 46-7 of the Hawaii Revised Statutes, and Section 13-13(b) of the Hawaii <br />County Charter, the Mayor is already authorized to apply for, receive and expend the funds for this <br />project identified in the Operating Budget. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 104 and <br />recommends it pass first reading. <br />awm <br /> AVES NOES A&E EX <br />ENRIQUES X <br />FORD X <br />GREENWELL X <br />HOFFMANN X <br />IKEDA X <br />NAEOLE X <br />ONISHI X <br />YACONG X <br />YOSHIMOTO X <br />Respectfully submitted, <br />COMMITTEE ON FINANCE <br />IV <br />DENNIS "FRESH" ONISHI, CHAIR <br />FC REPORT NO. 70 <br />ADOPTED: <br />