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HomeMy WebLinkAboutREP FC 298 05/16/2006 2004-2006 REPORT OF THE COMMITTEE ON FINANCE DATE: May 16, 2006 Re: Comm. No. 888/Res. No. 363-06 PLACE: Council Chambers TIME: 10:03 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 363-06, reports as follows: Resolution No. 363-06, transmitted by Director of Finance William Takaba, via Communication No. 888, dated May 2, 2006, authorizes the payment of funds of a later fiscal year and of more than one fiscal yeaz for amulti-year lease for the Prosecuting Attorney's Kona Office. The Prosecuting Attorney's Kona Office wishes to extend its lease for another five years at the Kealakekua Business Center, 81-190 Haleki`i Street. 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 yeaz 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. 363-06 and recommends its adoption. smc AYES xoes A&E Ex Respecffully submitted, ARAKAHI X HIGH X COMMITTEE ON FINANCE HOFFMANN X HOLSCHUH X II~DA X ISBELL X L`~~~' aacossoN X VIRG A ISBELL, CHAIR PH,AGO X FC REPORT NO. 298 snFARIx x ADOPTED: JUN 0 5 2006