BIL 029 Draft 02 2014-2016 - Laserfiche WebLink

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William P. Kenoi Mayor May 5, 2015 County of Hawaii Walter K.M. Lau Managing Director Randall M. Kurohara Deputy Managing Director Office of the Mayor 25 Aupuni Street, Suite 2603 • Hilo, Hwvai`i 96720 • (808) 961-8211 • Fax (808) 961-6553 KONA: 74-5044 Ane Keohokalole Hwy., Bldg. C • Kailua-Kona, Hawaii 96740 (808)323-4444 . Fax(808)323-4440 Honorable Members of the County Council County of Hawai'i 25 Aupuni Street Hilo, HI 96720 Aloha Council Members: N 20. —t I R N O� Transmitted herewith is the amended Capital Budget for FY 2015-2016 submitted for your review and approval and the amended Capital Program for the next six years from FY 2015- 2016 to 2020-2021. The Capital Budget includes 44 projects requiring a total appropriation of $91.257 million. Funding Sources Capital projects are typically funded by debt (bonds, State Revolving Fund loans), revenue sources (fuel tax, other special revenues), state grants, federal grants or loans, and other financing options (fair share contributions or special financing districts). The Capital Budget presented herein includes capital projects of which about $64.525 million are intended to be funded in whole or part by bonds, $25.232 million to be funded by the State Revolving Loan Fund, $.5 million to be funded by private grants, and $1.0 million to be funded by fair share contributions (see Table 1). Summary of Amendments The Capital Budget presented herein reflects the following amendments to the budget presented on February 27, 2015: • Increase of $0.54 million for "Lono Kona Improvement District" • Addition of "West Hawai'i Traffic Signal Improvements": $1.1 million • Addition of "Street Light Installations, Islandwide": $2.0 million County of Hawai'i is an Equal Opportunity Provider and Employer �o comm. rvc.� 1�}y.I / Ref. To: Coup ' f Ref. Dote o5 2015