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HomeMy WebLinkAboutREP FC 041 2025-04-15 2024-2026 REPORT OF THE COMMITTEE ON FINANCE DATE: April 15, 2025 Re: Comm.No. 211/Bill No. 42 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 1:00 p.m. Council Chair and Members Hawai`i County Council Hilo,Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 42,reports as follows: Bill No. 42,transmitted by Finance Director Diane Nakagawa via Communication No. 211, dated March 28, 2025, amends Ordinance No. 24-32, as amended, the operating budget for the County of Hawai`i for the fiscal year ending June 30, 2025. This bill increases revenues in the Interest—Other Federal account($660,000); and appropriates the same to the Emergency Rent Assistance 2 COVID-19 account($600,000), Hawai`i Island Landlord/Tenant Mediation account($10,000), and 2021 Hawai`i Island Homeowner Assistance Program-Administration account($50,000). Office of Housing and Community Development Administrator Kehaulani Costa was present in Chambers. Committee Member Ashley L. Kierkiewicz asked if that the county has generated funds eligible for reinvestment into Housing programs due to the interest generated from federal COVID-19 funding. Ms. Costa confirmed. Committee Member Michelle Galimba asked if the Emergency Rental Assistance Program would be discontinued. Ms. Costa confirmed that they are spending down the funds and plan to have it fully expended by the end of September of this year. Your Committee on Finance is in accord with the purpose and intent of Bill No. 42, and recommends its passage on first reading. Iwl AYES NOES ABS EX Respectfully submitted, GALIMBA X HUSTACE x COMMITTEE ON FINANCE INABA X KAGIWADA X KANEALI`I-KLEINFELDER X KIERKIEWICZ x M• T KANE• I`I-KLEINFELDER, KIMBALL X CH` IR ONISHI X F 0' REPORT NO.: 41 VILLEGAS X ADOPTED: MAY 0 7 2066