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HomeMy WebLinkAboutREP FC 316 10/05/2004 2002-2004REPORT OF THE COMMITTEE ON FINANCE DATE: October 5.2004 PLAC`E` Council Chambers "TIME: 10:10 a.m. Re: Comm. No. 774/Bill No. 331 Council Chair and Members llawai`i County Council Hilo. Hawaii 96720 Your Committee on Finance. to which was referred Bill No. 331. reports as follows: Bill No. 331, transmitted by Director of Finance William Takaba, via Communication No. 774. dated September 22, 2004, amends Ordinance No. 04-74, as amended, the Operating Budget. ending June 30, 2005. The amendment is as follows: From: 3609.OR Fund Balance from Prior Year-Reserved Highway $261,239?4 fo: 020-801-5801.34 Transfer to Capital Project Fund Highway $261?39.24 This ordinance appropriates the excess fuel tax revenues collected in fiscal year 2003-2004, which needs to be transferred to the Capital Project Fund. Your Committee on Finance is in accord with the purpose and intent of Bill No. 331 and recommends it pass first reading. smc A1'4:S NOFK ~&F. Aliti CHUNC X SA FA R I I< X .4RAI<.4K1 X F,LARIONOFF X HOLSCHOH X JACOBSON X REYNOLDS X TULANG X TYLER x AARON S.Y. CFIUNG. CHAT FC REPORT NO. 316 ADOPTED: nCT 2 0 9Md Respectfully submitled