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HomeMy WebLinkAboutREP FC 260 05/18/2004 2002-2004REPORT OF THE COMMITTEE ON FINANCE DATE: May 18, 2004 PLACE: Council Chambers TIME: 10:45 a.m. Re: Comm. No. 6l9/Res. No. 185-04 Council Chair and Members Hawaii County Council Itilo. Hawaii 96720 Your Committee on Finance, to which was referred Resolution No. 185-04, reports as follows: Resolution No. 185-04, transmitted by Director of Finance William "fakaba, via Communication No. 619, dated May 5, 2004, authorizes the payment of funds of a later tiscal year and of more than one fiscal year for amulti-year lease for a high volume copier/laser color printer/scanner machine. fhe Planning Department wishes to enter into amulti-year lease agreement for tive years for one high volume copier/laser color printer/scanner machine. Funds would be budgeted in future tiscal 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. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 185-04 and recommends its adoption. snu nti~es Fors nae Ai;s CHUNG X SA rARIK X ARAF:A IhI X F.LARIONOF'F' X HOLSCHUH X .IACOBSON X RF.I'NOLDS X TULANG X n LFR x Respectfully submitted COMMITTEE ON FINANCE AARON S.Y. C NG, CHAIR FC REP RT NO. 260 ADOPTED: