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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: April 19, 2010 Re: Comm. No. 712 /Bill No. 212 <br /> PLACE: Sheraton Keauhou Bay Resort and Spa <br /> 78 -128 `Ehukai Street <br /> Kailua -Kona, Hawai`i <br /> TIME: 10:52 a.m. <br /> Council Chair and Members <br /> Hawai`i County Council <br /> Hilo, Hawai`i 96720 <br /> Your Committee on Finance, to which was referred Bill No. 212, reports as follows: <br /> Bill No. 212, transmitted by Mayor William P. Kenoi via Communication No. 712, dated <br /> March 1, 2010, submits for consideration the proposed Capital Budget for Fiscal Year 2010 -11, <br /> and the Six -Year Capital Improvements Program for the Fiscal Years 2010 -11 to 2015 -16, <br /> consisting of 39 projects totaling $127,603,000, of which $14,175,000 are Federal Grants <br /> Receivable, $113,426,100 are County- financed in whole or in part through bonds, and $1,900 are <br /> fair share contributions (detailed in Table 1, Figure 1) <br /> Attached to the transmittal are five (5) tables, created to provide a summary of capital budget <br /> projects in different formats: <br /> • Table 1. List of Projects and Proposed Funding Sources includes proposed projects <br /> that are requesting funds for this fiscal year, what makes them eligible as a capital <br /> project, location, council benefit district, funding source, 6 -year forecast of funding needs <br /> and total project costs. <br /> • Table 2. Capital Project Eligibility List categorizes projects by their eligibility. <br /> • Table 3. Location of Project by Council District indicates the Council District that the <br /> project is located in. <br /> • Table 4. Council Benefit Districts identifies all the council districts that will actually <br /> benefit from a particular project. <br /> • Table 5. Six -Year Capital Program FY 2010 -11 to 2015-16 lists all projects proposed <br /> by a department and provides the projected funding forecast for the next six fiscal years, <br /> and total estimated project cost. <br /> Approximately 20 of the 39 proposed projects are reappropriations of existing projects totaling <br /> $65,703,000 because appropriations are lapsing and funds will not be encumbered by June 30, <br /> 2010. <br /> FC Rept. No. 164 <br />