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HomeMy WebLinkAboutREP FC 149 2022/05/03 2020-2022 i S REPORT OF THE COMMITTEE ON FINANCE DATE: May 3, 2022 Re: Comm. No. 757/Bill No. 165 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 2:30 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 165, reports as follows: Bill No. 165, transmitted by Finance Director Deanna S. Sako via Communication No. 757 dated April 14, 2022, amends Ordinance No. 21-38, as amended,the operating budget for the County of Hawaii for fiscal year ending June 30, 2022. This bill increases revenues in the Real Property Tax Penalties account ($720,000); and appropriates the same to the Transfer to Disaster/Emergency Fund account($240,000) and the Transfer to Public Access/Open Space Preservation Fund account ($480,000), to account for excess real property tax penalty revenue that must be appropriated into these special funds pursuant to the Hawaii County Charter. There was no discussion on the measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 165, and recommends its passage on first reading. ,ITC AYES NOES ABS EX Respectfully Submitted, CHUNG X DAVID x COMMITTEE ON FINANCE INABA X KANEALI`I-KLEINFELDER X KIERKIEWICZ X KIMBALL X MATT KANEAUFPORT EINFELDER, CHAIR LEE LOY X RICHARDS X NO.: 149 VILLEGAS X ADOPTED: MAY -1 8 2022