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HomeMy WebLinkAboutREP FC 130 2024/01/09 2022-2024 REPORT OF THE COMMITTEE ON FINANCE DATE: January 9, 2024 Re: Comm. No. 662/Bill No. 115 PLACE: Council Chambers Hilo, Hawaii TIME: 10:41 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 115, reports as follows: Bill No. 115, transmitted by Finance Director Deanna S. Sako, via Communication No. 662 dated December 20, 2023, amends Ordinance No. 23-50, as amended, the Operating Budget for the County of Hawaii for the fiscal year ending June 30, 2024. This bill increases revenues in Federal Grants —Housing Choice Voucher Program account($5 million); and appropriates the same to the Choice Voucher Rental Subsidies account, for a total appropriation of $28 million. Funds would be used for rental assistance for eligible participants in the Housing Assistance Payment program. Housing Administrator Susan Kunz introduced Housing and Community Development Specialist Kehaulani Costa to the Committee. Committee Member Ashley L. Kierkiewicz thanked Ms. Costa for all her hard work and asked her to provide more details. Ms. Costa provided Ms. Kierkiewicz with some background on these funds and how this increase was possible. Committee Member Holeka Goro Inaba congratulated Ms. Costa and asked if this $5 million increase would be budgeted in this upcoming fiscal year budget. Ms. Costa explained that these funds would be spent by June 30, 2024, as stated in the bill, and confirmed that they plan to include this increased amount in the budget as they prepare for the next fiscal year. Committee Member Jenn Kagiwada asked Ms. Costa to provide an overview of the different programs these funds would cover. Ms. Costa listed all eligible programs that these funds would cover. Ms. Kagiwada thanked Ms. Costa for her detailed explanation of the different vouchers that will be made available to the community. Committee Chair Matt Kaneali`i-Kleinfelder thanked Ms. Costa for stepping into this new position. FC Report No. 130 FC-130 Page 2 January 9,2024 Your Committee on Finance is in accord with the purpose and intent of Bill No. 115, and recommends its passage on first reading. 1kh AYES NOES ABS EX Respectfully submitted, EVANS X GALIMBA x COMMITTEE ON FINANCE INABA X KAGIWADA X C. KANEALI`I-KLEINFELDER X KIERKIEWICZ I x MATT KANE I` EINFELDER, KIMBALL X CHAIR LEE LOY X FC REPORT NO.: 130 VILLEGAS X ADOPTED: JAN 2 4 2024