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KEPOKT OF THE <br />COMMITTF,F, ON FINANCE <br />DACE: May 20. 2003 <br />PLACE: Council Chambers <br />TIME: 9:35 a.m. <br />Rr. Cumm. No. 245Bi11 No. 108 <br />Council Chair and 'vlcmber, <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Committee on Finance. fo which was referred Bill No. 108, reports as Billows: <br />Bill No. 108. transmitted b~ Director of Finance William Takaba, via Communication No. 245. <br />dated May 7.2003, amends Chapter 2. Article 18 of the E Iawai'i County ('ode 198 i (1995 <br />Edition), relating to uncollectible accounts. <br />Bill No. I OR proposes to remo~r the sentence from section 2-109, which states "No account shall <br />be so deleted until it shall have been delinquent for al least two consecutive years." <br />Currentl~~ the County of Hawaii is required to keep all accounts recci~ahle on the C'ounty's <br />books for a minimum of two years, how-ever. many of its accounts receivables arc known to be <br />uncollectible much Sooner than two years. "I~he criteria in section ?-108 of the I fawai'i County <br />Code are very specific and this sentence is not needed. Remming the time frame will allow- the <br />County to better reflect the true accounts receivable balances. Collection eflbrts will continue <br />and will not be hampered be the removal of this sentence. <br />Some members of Your Committee expressed concerns Deer the removal of the mininnun of hvo <br />years, as the} felt it should be kept on. <br />Your Committee on Finance is in accord with the purpose and intent of Bill No. 1 fl8 and <br />recommends it pass first reading. <br />time <br /> ~~rs yore ~.ar yes <br />('HUNG X <br />SAFARIK X <br />ARAKAKI X <br />ELARIONOFF X <br />HOLSCHUH X <br />.IACOBSON X <br />Lh:ITHEAD-TOUD K <br />REYNOLDS X <br />TYLER X <br />Respectfully submitted <br />Ct)M TEF. ON PINANCI? <br />AARON S.Y. ClllJ 1Ci. CHtAIR <br />PC REPUR I NO. _ ~1 <br />ADOPll'.D: ~~~ ~ ~ <br />