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HomeMy WebLinkAboutREP FC 044 02/28/2005 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: February 28, 2005 Re: Comm. No. 104/Res. No. 46-OS PLACE: Council Chambers TIME: 10:10 a.m. Council Chair and Members Itawai`i County Council Hilo. Ilawai`i 96720 Your Committee on Finance, to which was referred Kesolution No. 46-05, reports as follows: Resolution No. 46-05, transmitted by Director of Finance William "fakaba, via Communication No. 104, dated February 7, 2005, authorizes the payment of funds for amulti-year lease of two copiers. The office of housing and community development wishes to enter into afive-year lease agreement for two copiers. The leases of their two copiers currently in use will be expiring in June 2005. Both machines have exceeded their recommended uses and are constantly being repaired. Funds would be budgeted in future fiscal years to cover the anticipated costs. Pursuant to Section 10-1 1, Hawaii County Charter, any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year must be approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 46-OS and recommends its adoption. smc Avrs Noes Ax~r: ex Respectfully submitted, ARA KAKI X mcA x COMMITTEE ON FINANCE HOFFMANN _ X HOLSCHUH _ X _ _ ~ n IKEDA X " aACOBSON X_ _ _ VIRGI IA ISBELL, CHAIR FIEAGO_ _ _X _ FCREPOR"1'NO. 44 sAFAKtK X ADOPTED: MAR 1 ~~005