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HomeMy WebLinkAboutREP FC 100 2023/10/17 2022-2024REPORT OF THE COMMITTEE ON FINANCE DATE: October 17, 2023 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 10:50 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 526/Bill No. 92 Your Committee on Finance, to which was referred Bill No. 92, reports as follows: Bill No. 92, transmitted by Finance Director Deanna S. Sako via Communication No. 526 dated September 29, 2023, amends Ordinance No. 23-51, as amended, relating to public improvements and financing thereof for the fiscal year July 1, 2023 to June 30, 2024. This bill adds the Public Works Islandwide Asphalt Concrete Paving Project ($3,000,000) to the Capital Budget. Funds for this project shall be provided from General Obligation Bonds, Capital Projects Fund — Fund Balance and/or other Sources, and would be used to resurface County maintained roads islandwide. Committee Member Susan L. K. Lee Loy asked for more details on this funding. Finance Director Deanna Sako provided a brief overview of where the funding would come from. Ms. Lee Loy then asked for more details on how the Department of Public Works plan to meet those goals of more roads paved. Public Works Deputy Director Malia Kekai provided some background on how the department plans to execute this. Committee Member Michelle Galimba asked if these funds could be used for materials. Ms. Sako stated that they may be able to use this for materials, but this was designated for the islandwide paving contracts. Committee Member Holeka Goro Inaba asked for details on the budgeted amount for this project and where those funds would be taken from. Ms. Sako explained where these funds would be transferred from and that the current appropriation should be sufficient to cover all of this and other projects listed in the budget. FC Report No. 100 FC -100 Page 2 October 17, 2023 Your Committee on Finance is in accord with the purpose and intent of Bill No. 92, and recommends its passage on first reading. 10 Respectfully submitted, COMMITTEE ON IgNANCE MATT ALI`I- CHAIR FC RANO.: 100 ADOPTED: NOV O 1 2023 AYES NOES ABS EX EVANS X GALIMBA X INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIEPMEWICZ X KIMBALL X LEE LOY X VILLEGAS X Respectfully submitted, COMMITTEE ON IgNANCE MATT ALI`I- CHAIR FC RANO.: 100 ADOPTED: NOV O 1 2023