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HomeMy WebLinkAboutREP FC 038 02/06/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: February 6, 2007 Re: Comm. No. 127/Resolution No. 51-07 PLACE: Sheraton Keauhou Bay Resort & Spa 78-128 `Ehukai Street Hilo, Hawaii TIME: 2:15 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 51-07, reports as follows: Resolution No. 51-07, transmitted by Director of Finance William Takaba, via Communication No. 127 dated January 23, 2007, authorizes the payment of funds for more than one fiscal year for the lease of one (1) boom truck for the Department of Environmental Management Solid Waste Division. This boom truck, needed for the Kona Solid Waste Base yazd, is used to safely move heavy items. The Department of Public Works Administration Office wishes to enter into afive-yeaz lease contract with purchase options for one (1) boom truck. The funding for this lease is included within the current fiscal year's budget. 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 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. 51-07 and recommends its adoption. la Hues rvoes nee ex Respectfully submitted, FORD X HIGA X COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X PILAGO X DOMINIC YAGO , YAGONG X FC REP T 38 YOSHIMOTO X ADOPTED: F B Z 20~~