HomeMy WebLinkAboutREP FC 235 01/23/2008 2006-2008 REPORT OF THE
COMMITTEE ON FINANCE
DATE: January 23, 2008 Re: Comm. No. 933/Bill No. 222
PLACE: Council Chambers
TIME: 10:20 a.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 222, reports as follows:
Bill No. 222, transmitted by Finance Director William Takaba, via Communication No. 933, dated
January 10, 2008, for an ordinance re-appropriating the lapsed fuel tax funds from the past fiscal years,
dating back to fiscal year 1994-1996 and up to fiscal year 2002-2004. These funds will be appropriated back
into the highway/traffic division projects with the island districts and to the Circle Island and Bridge
program. The funds will be re-appropriated to the following districts/categories:
Circle Island & Bridges Program $3,746,020.60
Puna 184,621.69
South Hilo 17,595.38
North Hilo 70,783.67
Hamakua 35,545.34
South Kohala 4,256.00
North Kona 500,226.87
South Kona 90.28
Ka`u 36,397.36
Total $4,595,537.19
The source of lapsed funding are as follows:
2271.25 Fund Balance -Fuel Tax Increase 94-96 $ 195,269.11
2271.26 Fund Balance -Fuel Tax Increase 96-98 428,576.08
2271.27 Fund Balance -Fuel Tax Increase 98-00 665,404.08
2271.28 Fund Balance -Fuel Tax Increase 00-02 734,800.67
2271.29 Fund Balance -Fuel Tax Increase 92-04 2,571,487.25
Total $ 4,595,537.19
Department of Public Works Deputy Director Jiro Sumada provided a power point presentation clarifying
the overall goals to provide the County with a reliable and adequate revenue source to support the safe and
efficient operation and maintenance of County roads and highways, and also to develop a long term strategic
plan to support infrastructure improvements that will keep pace with the increased demand for all forms of
transportation. Mr. Sumada informed Your Committee will be forthcoming legislation to release restrictions
on TEA-21 projects by amending the original definition of circle island to "Principle Streets & Bridges."
This will allow use of funds for Non-FHWA Projects for large projects around the island.
FC Report No. 235
Communication No. 933
Bill No. 222
January 23, 2008
Page -2-
Your Committee on Finance is in accord with the purpose and intent of Bill No. 222, and recommends it
passes first reading.
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