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HomeMy WebLinkAboutREP FC 135 2026-03-17 2024-2026REPORT OF THE COMMITTEE ON FINANCE DATE: March 17, 2026 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 3:31 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 771/Bill No. 141 Your Committee on Finance, to which was referred Bill No. 141, reports as follows: Bill No. 141, transmitted by Housing Administrator Kehaulani M. Costa via Communication No. 771, dated February 27, 2026, amends Ordinance No. 25-45, as amended, the Operating Budget of the County of Hawaii for the fiscal year ending June 30, 2026. This bill appropriates revenues in the following accounts: Hale Kikaha Rental Income ($36,000), Department Charges ($110,000), and Sundry Revenues Current —Hale Kikaha ($18); and appropriates the same to the Housing Hale Kikaha accounts: Other Current Expenses ($139,298) and Equipment ($6,720). Funds would be used for operating and maintenance activities. Housing and Community Development Specialist Gary "Toi" Wong was present. Committee Chair Matt Kaneah'i-Kleinfelder asked about the purchase price of this property. Mr. Wong stated that the County has owned this property for decades. Mr. Kdneali`i-Kleinfelder asked whether the property's income offsets its expenses. Mr. Wong stated that it has yet to be determined. Mr. Kaneali`i-Kleinfelder requested a report on the projected revenue and expenses for this property and mentioned that he has seen multiple projects allocate funds to Homeless and Housing initiatives, but he has not seen many benefits. He expressed a desire for greater fiscal responsibility with community and County funds. Your Committee on Finance is in accord with the purpose and intent of Bill No. 141, and recommends its passage on first reading. Ikh AYES NOES ABS EX GALIMBA X HUSTACE X INABA X KAGIWADA X KANEALI'I-KLEINFELDER X KIERKIEWICZ X KIMBALL X ONISHI X VILLEGAS X Respectfully submitted, MATTQ CHAIR ON FINANCE FC REPORT NO.: 135 ADOPTED: APR 0 8 ill?fi