HomeMy WebLinkAboutREP FC 189 11/21/2005 2004-2006 REPORT OF THE
COMMITTEE ON FINANCE •
DATE: November 21, 2005 RE: Comm. No. 534/Res. No. 205-05
PLACE: Council Chambers
i'IME: 12:45 p.m.
Council Chair and Members
Hawai`i.County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Resolution No. 205-05, reports as follows:
Resolution No. 205-05, transmitted by Director of Finance William Takaba, via
Communication No. 534, dated November 4, 2005, transfers funds as follows:
From:
010-901-5901.10 ERS Pension Accum Fund General $13,380,880
010-901-5901.14 FICA Employer Share $ 4,253,871
010-901-5902.05 Employee Health Plans $16,154,000
To:
010-901-5902.17 Retirement Benefits General $13,380,880
010-901-5902.20 FICA Employer Share $ 4,253,871
010-901-5902.15 Health Benefits $16,154,000
Due to the recent conversion to the new FRESH payroll system, it became necessary to
renumber certain general ledger accounts to create consistency among the various funds. These •
funds had been budgeted in the old account numbering scheme and need to be moved to the new
account numbers.
Your Committee on Finance is in accord with the purpose and intent of Resolution No. 205-05
and recommends its adoption:
smc
AYES NOES A&E EX Respectfully submitted,
ARAKAKI X •
HILA x COMMITTEE ON FINANCE
HOFFIVIANN X
HOLSCHUH X A
I K EDA _ X [j\-4 Etvt,
ISBELL X VIRGINIA ISBELL, CHAIR
JACOBSON X FC REPORT NO. 189
I'ILAGO X DEC Q 2�G
SAFARIK x ADOPTED: