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HomeMy WebLinkAboutREP FC 043 2021/05/04 2020-2022 REPORT OF THE COMMITTEE ON FINANCE DATE: May 4, 2021 Re: Comm. No. 104/Bill No. 22 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 3:00 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 22, reports as follows: Bill No. 22, submitted by Mayor Mitchell D. Roth, via Communication No. 104 dated March 1, 2021, transmits the proposed Capital Budget for Fiscal year(FY) 2021-22, and the Capital Program for the next six years from FY 2021-2022 to 2026-2027, which includes 66 projects requiring a total appropriation of$188.78 million. Approximately $129.56 million are intended to be funded in whole or part by bonds, $56.12 million to be funded by the State Revolving Loan Fund or State Capital Improvements Program, $3.1 million to be funded by Federal Grants. This bill includes the mayor's transmittal letter that describes "Funding Sources," "Debt Service," "Capital Improvement Project," "Project Data/Financial Impact Statements," and"Fair Share Contributions." On April 13, 2021, Your Committee held a three-day session to hear and discuss the budget and programs of the Administration's individual departments. Mayor Roth appeared to present this proposed budget on the first day of the Departmental Budget and Program Reviews. Seven Council Members voted aye, Council Member Sue Lee Loy voted no, and Council Member Tim Richards was absent from the vote to postpone. Ms. 'Lee Loy stated her preference to pass the first draft forward in order to take up the Mayor's second draft at first reading. County Clerk Jon Henricks confirmed that pursuant to Section 10-2(a)(5) of the Hawai`i County Charter, the Mayor will be submitting an amended budget on May 5t1i. Amendments to the proposed budget, if any, may be transmitted for consideration at or prior to first reading on the May 20, 2021, Special Meeting of the Council. Pursuant to Article 10, Hawai`i County Charter, the Mayor shall submit an annual Capital Budget for the ensuing year as well as a capital program for the ensuing six fiscal years to the County Council, which shall be adopted by the Council on or before June 30. FC Report No.: 43 2 May4,2021 FC 42 Page Your Committee on Finance is in accord with the purpose and intent of Bill No. 22, and recommends its passage on first reading. ssc AYES NOES ABS EX Respectfully submitted, CHUNG X DAVID X COMMITTEE ON F r -NCE INABA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL x MATT KANE LI`I-KL INFELDER, CHAIR LEE LOY X RICHARDS X F P.' 'ORT NO.: 43 VILLEGAS X ADOPTED: MAY 2 0 2021