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HomeMy WebLinkAboutREP FC 151 09/20/2005 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: September 20, 2005 RE: Comm. No. 430/ Res. No. 164-OS PLACE: Sheraton Keauhou Bay Resort and Spa 78-128 Ehukai Street Kailua-Kona, Hawaii TIME: 10:04 a. m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 164-05, reports as follows: Resolution No. 164-05, transmitted by Director of Finance William Takaba, via Communication No. 430, dated September 1, 2005, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for amulti-year lease for a copy machine. The Office of the Corporation Counsel, Family Support Division in Kona, wishes to enter into a multi-year lease agreement for five years for one copier. Funds would be budgeted in future fiscal years to cover the anticipated costs. Pursuant to Section 10-11, Hawaii County Charter, any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year or of more than one fiscal year must be approved by resolution. There was no discussion on this measure. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 164-OS and recommends its adoption. smc AYES NOES A&E EX Respectfully submitted, ARAKAHI X HIGH X COMMITTEE ON FINANCE HOFFMANN X " HOLSCHUH X IKEDA X _ ~ kM--- ISBELL X _ VIRG IA ISBELL, CHAIR dACOSSON X FC REPORT NO. 151 PILAGO X SAFARIK X ADOPTED: ~CT O 5 OAS