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REPORT OF THE <br />COMMITTEE ON FINANCE <br />DATE: September 14, 2004 <br />PLACH: Council Chambers <br />TIME: 10:05 a.m. <br />Re: Comm. No. 725Bi11 No. 310 <br />Council Chair and Memhers <br />Hawaii County Council <br />Hilo, Hawaii 96720 <br />Your Commiuce on Finance, to which was referred Bill No. 310, reports as follows: <br />Bill No. 310. transmitted jointly with Resolution No. 225-04 by Director of Finance <br />William 'l~akaba, via Communication No. 725, dated August 4, 2004, amends Ordinance <br />No. 04-74, as amended, the Operating Budget, ending June 30, 2005. The amendment is as <br />follows: <br />From: <br />3302.09 Vehicle & Trailer Weight Taxes Highway $1,015,796 <br />Total $1.015,796 <br />1'0: <br />020-281-5281.42 "traffic Signs & Markings Highway $ 216,812 <br />020-301-5301.11 South Hilo Road S&W 25,284 <br />020-301-5301.12 South Hilo Road OCE 4,800 <br />020-301-5301.31 North & South Kohala Road S&W 12.642 <br />020-301-5301.32 North & South Kohala Road OCE 4,400 <br />020-301-5301.41 North & South Kona Road S&W 63,210 <br />020-301-5301.42 North & South Kona Road OCE 6,000 <br />020-301-5301.51 Ka'u Road S&W 12.642 <br />020-301-530L52 Ka'u Road OCF, 4.400 <br />020-301-5301.61 Puna Road S&W 1 13JJA <br />020-301-5301.62 Puna Road OCF, 15,600 <br />020-311-5316.02 Highway Mass Transit OCE 338,260 <br />020-RO1-5802.01 Pension Accumulation -Highway 45,228 <br />020-801-5802A4 FICA Employer Share -Highway 7.530 <br />020-801-5802.08 Employee Health Plans -Highway 27.199 <br />020-91 1-5911.87 Worker's Compensation -Highway 118.011 <br /> "Total $1,015,796 <br />The recent approval of Ordinance No. 04-66 raised the annual motor vehicle weight tax for <br />vehicles, trucks, or trailers registered in the County of Hawaii effective .Ianuary 1, 2005. The <br />estimated increase in revenues generated effective January 1, 2005 through June 30, 2005 totals <br />$1,015J96. <br />FC REPORT NO. 302 <br />