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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: October 15, 2019 Re: Comm. No. 522113ill No. 106 <br /> PLACE: Council Chambers <br /> Hilo, Hawaii <br /> TIME: 9:04 a.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 106, reports as follows: <br /> Bill No. 106, transmitted by Finance Director Deanna Sako, via Communication No. 522 dated <br /> September 27, 2019, amends Ordinance No. 19-74, as amended, relating to public improvements and <br /> financing thereof for the fiscal year July 1, 2019 to June 30, 2020. <br /> This bill reappropriates lapsed fuel tax funds from past fiscal years by establishing the following <br /> program appropriations to the Capital Budget: North Kona Engineering Project ($13,84715); Roadway <br /> Projects (Engineering) ($5,253,455.15); Bridge Inspection, Repair and Replacement Program <br /> (Engineering) ($1,744,615.01); and Local Road Improvements (Highways) ($1,343,254.62), for a total <br /> of$8,385,171.93. <br /> Council Member Karen Eoff moved to amend Bill 106 with the contents of Colninunication 522.1 and <br /> seconded by Council Member Valerie Poindexter. The vote was taken on the motion to amend Bill 106 <br /> with the contents of Comm. 522.1 and passed with seven"ayes." <br /> Finance Director Deanna Sako explained Bill 106 was submitted prior to closing the books. An <br /> adjustment of$10,251.17 and a typographical error resulted in the submission of Comm. 522.1. <br /> Ms. Sako stated that Finance is approaching reappropriating lapsed fuel tax funds differently. <br /> Ms. Sako explained instead of appropriating each fuel tax amount as a separate ordinance, it will be <br /> combined into one pot of money so that Public Works knows exactly what they have and in which <br /> category it would be placed. <br /> Council Member Ashley Kierkiewicz noted that this is not the first time there has been a lapse in fuel <br /> tax monies. Ms. Sako explained that they appropriate for a couple of years and then they go back and <br /> reappropriate as it lapses. Some of the older ones may have been tied up in a contract and once the <br /> contract is completed and if there is a negative change order, monies lapse. She noted that oftentimes <br /> Finance has trouble tracking down the vendor for final payment and that these are monies left over from <br /> other projects that cannot be utilized for future projects. <br /> FC Report No. 74 <br />