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HomeMy WebLinkAboutREP FC 055 03/15/2005 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: March 15.2005 Re: Comm. No. 143/Bill No. 47 PLACE: Council Chambers 1~IME: 10:18 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bil] No. 47, reports as follows: Bill No. 47. transmitted by Director of Finance William Takaba, via Communication No. 143. dated March 2, 2005, amends Ordinance No. 04-75, as amended, the capital budget, ending June 30, 2005, by adding the following project: PARKS & RECREATION: Waikoloa - Ho`oko Street Park 1 10-599-5594.51 $200,000 Funds for this project shall be provided from: General Obligation Bonds, Capital Projects Fund- $200,000 Fund Balance and/or other Sources these funds are required to enable power to be supplied to the park to provide both functional and security lighting for the new pavilion, restrooms and parking lot that were in the original contracted scope of work. Pursuant to section 10-6(d), Hawai'i County Charter, the council may amend the capital budget for that year with atwo-thirds vote. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Bill No. 47 and recommends it pass first reading. smc .wes rvoes nx~r ex Respectfully submitted, ARAKAKI X HICA X COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X IKEDA X ~wt~ ~I ISBELL _ X t„~/ .IACOBSON x VIRGIN A [SBELL, CHAR FILAGO X FC REPORT NOnn 55 SAFARIK _ X ADOP"I ED: JaPR Q ~ Zv~nS