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HomeMy WebLinkAboutREP FC 005 12/20/2004 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: December 20, 2004 Re: Comm. No. 25/Bill No. 5 PLACE: Council Chambers TIME: 10:05 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 5, reports as follows: Bill No. 5, transmitted by Director of Finance V?illiam Takaba, via Communication No. 25, dated December 6, 2004, amends Ordinance No. 04-74, as amended, the Operating Budget, ending .Tune 30, 2005. The amendment is as follows: Prom: 3609.10 Fund Balance from Prior Year Highway $1,828,000 To: 020-301-5301.06 Highway Maintenance Admin Equipment Highway $ 428,000 020-801-5801.34 Transfer to Capital Project Fund Highway $1,400,000 TOTAL $1,828,000 These additional funds will be used as follows: 1. Six Truck-Mounted Boom Mowers 428,000 2. The construction of a new North Hilo/Hamakua Highway 500,000 Maintenance Building 3. The resurfacing of Palani Road and Mamalahoa Highway 900,000 Your Committee did not entertain further discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 5 and recommends it pass first reading. smc Hues Noes nx~e es Respectfully submitted ISBELL X sAFAR~K X COMMITTEE ON FINANCE. ARAKAKI X RICA X HOFFMANN X ~ ~ HOLSCHUH X ~xEnA x VIRGI IA ISBELL, CHAIR JACOBSON X FC REPORT NQ ~5 P?LAGO X ADOPTED: ~lA~~ v ~ ~~OS