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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: April 19, 2011 Re: Comm. 112Bi1130 <br /> PLACE: Council Chambers <br /> West Hawai`i Civic Center <br /> TIME: 2:00 p.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. 30, reports as follows: <br /> Bill No. 30, transmitted by Mayor William P. Kenoi via Communication 112, dated March 1, <br /> 2011, submits for consideration the proposed Capital Budget for Fiscal Year 2011 -12, and the <br /> Six -Year Capital Improvements Program for the Fiscal Years 2011 -12 to 2016 -17, consisting of <br /> 45 projects totaling $177,085,000, of which $1,140,000 are Federal Grants Receivable, <br /> $168,980,000 are County- financed in whole or in part through bonds, $5,715,000 to be funded <br /> by State Revolving Fund and $1,250,000 to be funded by fair share contributions (detailed in <br /> 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 /> • List of Projects and Proposed Funding Sources includes proposed projects that are <br /> requesting funds for this fiscal year, what makes them eligible as a capital project, location, <br /> council benefit district, funding source, 6 -year forecast of funding needs and total project <br /> costs. <br /> • Capital Project Eligibility List categorizes projects by their eligibility. <br /> • Location of Project by Council Districts indentifies all the council districts that will <br /> actually benefit from a particular project <br /> • Council Benefit Districts identifies all the council districts that will actually benefit from a <br /> particular project <br /> • Six -Year Capital Program FY 2011 -2012 to 2016 -2017 <br /> Approximately 20 of the 45 proposed projects are reappropriations of existing projects totaling <br /> $127,960,000 because appropriations are lapsing and funds will not be encumbered by June 30, <br /> 2011. <br /> Your Committee originally reviewed the Capital Budget in conjunction with departmental <br /> program reviews on March 28 through March 30, 2011. Pursuant to Section 10 -4, Hawai`i <br /> County Charter, the Council also conducted a public hearing on the proposed FY 2011 -12 <br /> FC Rept. No. 54 <br />