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HomeMy WebLinkAboutREP FC 050 03/20/2001 2000-2002 REPORT OF THE COMMITTEE ON FINANCE DATE: March 20, 2001 Re: Comm. No. 146/Res. No. 62-01 PLACE: Council Chambers TIME: 10:30 A.M. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 62-01, reports as follows: Resolution No. 62-01, transmitted by Director of Finance William T. Takaba, via Communication No. 146, dated March 5, 2001, amends transfers funds as follows: From: 010-101-5101.91 Contingency Relief General $350,000 To: 010-911-5911.03 Vacation Pay General $350,000 These funds will be used to supplement the Vacation Pay account which will in turn pay employees who have ceased employment with the County and those planning to resign on or before June 30, 2001. Since there is currently $100,000 in the account, $350,000 is the balance needed for the remainder of the year. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 62-01 and recommends its adoption. smc AYES NOES n&E ex Respectfully submitted CHUNG X PisiccH~o x COMMITTEE ON FINANCE ARAKA d X ELAR[O 'OFF X JACOBSON X L, 1 LE[THEAD-TODD X SAFARIK X AARON S.Y. CHUNG, HAIR TYLER X FC REPORT NO. 50 YAGONG X ADOPTED: f