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July 19, 2011 Page - 2 - Income: $ 2.94 (interest) $ 20.00 miscellaneous Expense: $ 2,853.94 Balance: $112,327.19 Secretary Pilago moved to accept the treasurers report; motion was seconded. Motion passed by unanimous voice vote. B. County Reports 1 . Maui County. (Pontanilla) Council has been in budget sessions since mid- March to last weekend. Passed budget out of committee and need 2 readings to approve. 2. Hawaii County. (Pilago) Host committee met and gelling toward APEC conference. Approximately 25 from business, public and government were in attendance. We've worked out differences between Mayor and Council on sister- city considerations. All working together for Kumejimi approval on May 17. Moving into budget debates and real property tax public hearing. $56M bond approved with both Chair Yagong and myself dissenting. 3. City & County of Honolulu. (Chang) Going through its budget process with increases in real estate, sewer, golf, etc. drawing lots of attention and cuts between $176M to $75. Expects a fiscally responsible budget. Rail is drawing attention. Approved sale of general obligation bonds with lots of testimony — it passed. Myself and Mayor will travel in June to sister-city Chengdu for signing in Chengdu and travel to other sister-cities that City & County have relationships. 4. Kauai County. (Rapozo) completed decision making for budget and its moving through. Bills coming in for 1st reading on amendments to real property tax. UNFINISHED BUSINESS None NEW BUSINESS A. Recognize Kauai Mayor Bernard Carvalho, State Representative Derek Kawakami, State Representative Jimmy Tokioka, Kauai Council Chair Jay Furfaro, and Maui Council Chair Danny Mateo. Mayor Carvalho addressed the meeting with a few words. Council Chair Furfaro addressed the meeting with a few words.