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HomeMy WebLinkAboutREP FC 089 04/15/2003 2002-2004REPORT OF THE COMMITTEE ON FINANCE DATE: April I5, 20(13 PLACE: Council Chambers T[ME: 3:15 P.M. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Re: Comm. No. 139/Bill Na. Bill 58 Your Committee on Finance, to which was referred Bill No. 58, reports as follows: Bill No. 58, transmitted by Mayor Hany Kim via Communication No. 139, dated February 28, 2003. submits the Capital Budget and Six-Y'ear Capital Improvements Program for the Fiscal Year July 1, 2003 to June 30, 2004. Attached to the transmittal are Tables I -9, delineating project highlight,. funding sources, pending vs. new projects, geographic distribution of projects, impact on operational budget, capital program and fair share contributions. Also attached are Figure I-overall location map, and Figure 2 -functional classification. The public improvements and financing thereof contained in the 2003-04 Capital Budget and Budget consists of 36 projects with a total cost of $42,272,000, for which the County's share totals $35,758,000. Approximately SA% of the Capital Budget is for public health and safety projects; 21 for culture/rec reation; 13% for transportation; and 9% for general government facilities. The largest capital projects include a Regional (East Hawaii) Transfer Sort Station ($5 million); a Firetighter Training Facility ($6 milli~» i); an 800 Megahertz Police Communication System ($4 million); Americans for Disability Act (A.D.A.) Facility Improvements (S3 million); A.D.A. curb ramp compliance improvements ($2.$ million); replacement of a large capacity cesspool ($2.45 million); and replacement of the Pahoa Fire Station ($1.49 million). Funding for the Capital Projects Fund proposed in Bill No. 58 is as follows: Federal Grants Receivable ......................................................................... S 6,514,000 State Revolving Fund ................................................................................ S 2,450,000 General Obligation Bonds, Capital Projects Fund Balance, and/or Other Source . S33 308,000 TOTAL 542,272,000 Ten of the 36 projects require reappropliation for pending and previously appropriated projects whose funds will lapse on .tune 30, 2003. Accordingly, the net increase in FY2003-04 capital projects is approximately $22.4 million (total Icss rcappropriated amount). Communication No. 139 provides a table (compiled through September 2001) of "Fair Share" assessments due totaling $7(1,569,748 and proposes that such "one-time assessments should be directed to capital improvements ..." Pursuant to committee discussion on the matter of outstanding impact fees, the Planning Department was requested to provide Planning Committee Chair Bobby .lean Leithead-Todd with an estimated cost of an lmpact Fce study and further review of the Fair Share Contribution exhibit t~~ determine its accuracy. Your committee originally reviewed the Capital Budget along with departmental program reviews on March 13. March 14 and March 17, ?003. Pursuant to Section 10-4, Hawaii County Charter. the Council also conducted public hearings in Hilo on March 17, 2003 and in Kona on March I9. ?003. Upon review of the Mayors amended budget submittal in May ?003, your C'onunittee may propose amendments as necessary. Your Committee on Finance is in accord with the purpose and intent of [3ill No. 58 and recommends that it pass first reading. rf AYP:B NOFti A&E FX .~K:16.~IC1 V ('HIN(; S N:LARIOM1 OFF X IIOLSCHI-11 C .IA('OKSOS X I F.1'r114;A IF'1'UUD X KN71',SOLUti ~' JAFAKIK X 11'Lk;K S Respectfully submitted: ON AARON S. Y. CHU~.]AQC~HAIR _„ ADOI'~IF[)~NI 2 ~~