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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: November 15, 2016 Re: Comm. No. 1150/Bill No. 255 <br /> PLACE: Council Chambers <br /> Hilo, Hawai`i <br /> TIME: 1:05 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. 255, reports as follows: <br /> Bill No. 255, transmitted by Finance Director Deanna S. Sako, via Communication No. 1150, dated <br /> October 26, 2016, amends Ordinance No. 16-73, relating to public improvements and financing thereof <br /> for the fiscal year July 1, 2016, to June 30, 2017. <br /> This bill adds the Parks and Recreation Pana`ewa Equestrian Center Repairs/Improvements - County <br /> project for$150,000 to the Capital Budget. Funds for this project shall be provided from General <br /> Obligation Bonds, Capital Projects Fund - Fund Balance and or Other Sources($150,000). Funds would <br /> be used for renovations, improvements, and upgrades to its facilities. <br /> There was no discussion on this measure. <br /> Pursuant to Section 10-6(e) of the Hawai`i County Charter, at any time during the fiscal year, the <br /> Council, by ordinance adopted by the affirmative vote of at least two-thirds of the entire membership, <br /> may amend the capital budget for that year. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 255, and recommends its <br /> passage on first reading. <br /> Wh <br /> kl IS N.MS v8' E v RLSpLLtfu11} ,uhmitte�l. <br /> ( HCNG X <br /> DAN IDX COMMI I FEF ON FINANCE <br /> EOFF -- -- � X t---- <br /> IL AC X J. <br /> KANUHA • <br /> X <br /> ONISHI X <br /> PAI.EKA X KAREN I-a)FF. (11\IR <br /> POINDEXTER X FC REPORT NO.: _83 <br /> WILLE X ADOPTED: __DEC 2 1 2O.E3_ <br />