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HomeMy WebLinkAboutREP FC 216 02/18/2004 2002-2004REPORT OF THE COMMITTEE ON F[NANCE DATE: February 18, 2004 Re: Comm. No. 498/Res. No. 154-04 PLACE: Council Chambers T[ME: 10:10 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 154-04, reports as follows: Resolution No. 154-04, transmitted by Director of Finance William Takaba, via Communication No. 498, dated February 4, 2004, authorizes the payment of funds of a later tiscal year and of more than one fiscal year for amulti-year lease for a copy machine. The Department of Parks and Recreation's Elderly Activities Division -Nutrition Program wishes to enter into afive-year lease agreement for a copy machine. 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 tiscal year must be approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 154-04 and recommends its adoption. SmC nvHS tiors nx~r; nits CHUNG X SAFARIK X ARAKAIiI X ELARIONOFF X HOLSCHUH X JACOBSON X REYNOLDS X TULANC X TYLER X Respectfully submitted COMP~TI'T~'F.,F, ON FINANCE $~. ~, AARON S.Y. CH G, CHAIR FC REPORT NO. 1Z ADOPTED: MAI