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REPORT OF THE <br /> COMMITTEE ON FINANCE <br /> DATE: February 6, 2007 RE: Comm. No. 125Bi11 No. 34 <br /> PLACE: Sheraton Keauhou Bay Resort & Spa <br /> 78-128 `Ehukai Street <br /> Kailua-Kona, Hawaii <br /> TIME: 2:15 p.m. <br /> Council Chair and Members <br /> Hawaii County Council <br /> Hilo, Hawaii 96720 <br /> Your Committee on Finance, to which was referred Bill No. 34, reports as follows: <br /> Bill No. 34, transmitted by Director of Finance William Takaba, via Communication No. 125, dated <br /> January 22, 2007, amends Ordinance No. 06-80, as amended, the Operating Budget, ending <br /> June 30, 2007. The amendment is as follows: <br /> From: <br /> 110.399.5397.22 Department of Public Works [$7,600,000] General $10,000,000 <br /> (Laiopua Connector Project) <br /> To: <br /> General Obligation Bonds General $2,400,000 <br /> Capital Projects Fund - <br /> Fund Balance and/or other Sources <br /> Bruce McClure, Director of Public Works stated that the project initially was appropriated <br /> $7,600,000.00, and that an increase was needed in the amount of $2,400,000.00 to bring the total <br /> appropriation to $10,000,000. <br /> Pursuant to Section 46-7, of the Hawaii Revised Statutes, and 5ec6on 13-13(b), Hawaii County <br /> Charter, the Mayor is already authorized to apply for, receive and expend the funds for the project <br /> identified in the Operating Budget. <br /> Your Committee on Finance is in accord with the purpose and intent of Bill No. 34, as amended to <br /> <br /> Draft 2 and recommends it pass first reading. <br /> ~a <br /> AYES NOES A&E EX Respectfully submitted, <br /> FORD J~ <br /> RIGA g COMMITTEE ON FINANCE <br /> HOFFMANN X <br /> IKEDA X <br /> JACOBSON X <br /> NAEOLE X VV~~ <br /> PILACO g DOMINIC YAGO C <br /> vncoxc g FC REP N 36 <br /> YOSHIMOTO x ADOPTED: MAR 0 9 2007 <br /> <br />