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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: May 5, 2015 Re: Comm. No. 144/ Bill No. 29 <br /> PLACE: Council Chambers <br /> Hilo, Hawaii <br /> TIME: 1:27 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. 29, reports as follows: <br /> Bill No. 29, transmitted by Finance Director Deanna S. Sako, via Communication No. 144 dated <br /> February 27, 2015, transmits the proposed Capital Budget for FY 2015-2016, and the Capital Program <br /> for the next six years from FY 2015-16 to 2020-21, which includes 37 projects requiring a total <br /> appropriation of$81.67 million. Approximately $55.94 million are intended to be funded in whole or <br /> part by bonds, $25.23 million to be funded by the State Revolving Loan Fund, and $500,000 to be <br /> funded by private contributions. <br /> This bill includes the mayor's transmittal letter that describes "Funding Sources," "Debt Service," <br /> "Capital Improvement Projects," "Protect Data/Financial Impact Statements" and "Fair Share <br /> Contributions." It also includes tables describing "Projects and Proposed Funding Sources," <br /> "Capital Project Eligibility," "Location of Projects by Council District," "Council Benefit Districts," <br /> and "Six-Year Capital Program for FY 2015-2016 to 2020-2021." <br /> Chair Karen Eoff announced that pursuant to Section 10-2(a)(5) of the Hawai`i County Charter, the <br /> Mayor will be submitting an amended budget later this day. Ms. Eoff recommended passed of this bill, <br /> then advised the Council Members that it would be prudent to wait for submission of the amended <br /> budget before proceeding with amendments as necessary to be heard at first reading on the <br /> May 18, 2015, Special Meeting of the Council. <br /> On April 14, 2015, pursuant to Section 10-4 of the Hawai`i County Charter, the Council conducted a <br /> public hearing on the proposed Operating and Capital Budgets at the West Hawai`i Civic Center, and <br /> provided videoconferencing at the Hilo Council Room and Waimea Council Office. <br /> On April 22, 2014, Mayor William P. Kenoi appeared before Your Committee to present this proposed <br /> budget for consideration. <br /> On April 22, 23, and 24, 2015, Your Committee reviewed the proposed Operating and Capital Budgets <br /> during the Departmental Budget and Program Reviews, then postponed this measure to the <br /> May 5, 2015 Finance Committee meeting. <br /> There was no discussion on this measure. <br /> FC Report No. 26 <br />