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HomeMy WebLinkAboutREP FC 034 02/01/2005 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: February 1, 2005 Re: Comm. No. 80/Bill No. 26 PLACE: Council Chambers 'T'IME: 11:38 a.m. Council Chair Safarik and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 26, reports as follows: Bill No. 26, transmitted by Director of Finance William'Fakaba, via Communication No. 80, dated January 18, 2005, amends Ordinance No, 04-74, as amended, the Operating Budget, ending June 30, 2005. The amendment is as follows: From: 3305.23 State Grants -Product Development General $50,000 Program To: 010-161-5162.99 Product Development Program -State General $50,000 The Department of Research & Development will be receiving additional funds from the State of Hawaii -Hawaii Tourism Authority for its Product Enrichment Program. Specifically, the funds will be used in calendar year 2005 to support and improve the tourism product development initiatives and projects. Pursuant to Section 46-7, Hawaii Revised Statutes, and Section 13-13(b), Hawaii County Charter, the Mayor is already authorized to apply for, receive and expend the funds for this program identified in the Operating Budget. Jane Testa, Director of Research and Development, explained that since the Deputy Director's position has not been filled, funds for this position would be used for the County match. Your Committee on Finance is in accord with the purpose and intent of Bill No. 26 and recommends it pass first reading. smc .wrs rvors nx~E es Respectfully submitted, ARA KAKI X RICA X COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X IKF.DA X _ I pp ~ ~C ISBELL X .!6`~ V-,,._____ aACOBSON x VIRG NIA ISBELL, CHAIR FILAGO X ~ FC REPOR'>' NO. 34 SAFARIK x ADOPTED: FEB- 1~-ZOOS