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HomeMy WebLinkAboutREP FC 192 11/06/2007 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: November 6, 2007 Re: Comm. No. 765/ Res. No. 390-07 PLACE: Council Council Hilo, Hawaii 96720 TIME: 11:44 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 390-07, reports as follows: Resolution No. 390-07, transmitted by Director of Finance William Takaba, via Communication No. 765, dated October 23, 2007, 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 Prosecuting Attorney wishes to enter into amulti-year lease agreement for five years for two copiers. 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 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. 390-07, and recommends its adoption. la raves rvoes a&e ex Respectfully submitted, FORD X HIGA X COMMITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE X - PILAGO x DOMINIC YAGO G, C R YAGONG X FC REP R N/~~ q 192 YOSHIMOTO X ADOPT :NUY L ~ PU~~