REP FC 317 10/05/2004 2002-2004 - Laserfiche WebLink

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REPORT OF THE COMMITTEE ON FINANCE DATE: October 5, 2004 PLACE: Council Chambers "LIME: 10:10 a.m. Re: Comm. No. 775Bi11 No. 332 Council ('hair and Members Ilawai'i County Council Hilo, Hawaii 96720 Your Committee on h'inance, to which was referred Bill No. 332, reports as follows: Bill No. 332, transmitted by Director of Finance William Takaba, via Communication No.775. dated September 22, 2004, amends Ordinance No. 04-75, as amended, relating to Public Improvements and Financing thereof for the Fiscal Year ,luly 2, 2004 to .tune 30, 2005, is hereby amended by establishing the following program appropriations: PROGRAM AMOUNT fEA-21 Projects (Federal Aid) $216,061.79 Local Road Improvements $216,061.80 TOTAL $432,123.59 This measure appropriates the excess fuel tax revenues collected from the third increment of the fuel tax increase for 2002-2004. Actual revenues collected exceeded the $6 million of projected revenues established by Ordinance 03-92. The excess revenues are being distributed using the same procedures and percentages established by Ordinance 03-62. The TEA-21 projects listed below arc being included to account for late billings from the State of Flawai'i and unanticipated supplemartal or change order work. FUEL "I AX PROGRAM EXCESS REVENUE APPROPRIATION INCREMENT 3 2002-2004 TEA ~I PROJECTS (Federal Aid) 50% $216,061.79 Kawailani Bridge Replacement Alii Highway Mohouli Extension Puainako Extension LOCAL ROAD IMPROVEMENTS 50"/0 $216,061.80 Puna Roads 23.81% 51,444.31 South Hilo Roads 25.06% 54,145.09 North Hilo Roads 4.59% 9,917.24 Hamakua Roads 9.19% 19,856.08 North Kohala Roads 3.85% 8,318.38 South Kohala Roads 10.38% 22,427.21 North Kona Roads 11.68% 25,236.02 South Kona Roads 3.07% 6,633.10 Kau Roads 8.37% 18,084.37 100.00% 216,061.80 FC REPORT NO. 317