HomeMy WebLinkAboutREP FC 317 10/05/2004 2002-2004REPORT 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
Committee Member Curtis Tyler circulated a communication from Mr. Galen Kuba with
information in regards to the late billings, the anticipated or supplemental change order work and
related projects.
Your Committee on Finance is in accord with the purposes and intent of Bill No. 332 and
recommends it pass tirst reading.
smc
CHUNC X
SA FARIK X
ARA KAKI X
ELARIONOF'F X
HOLSCHUH X
JACOBSON X
LF.ITHEAD-TODD X
REYNOLDS X
TYLER X
Respectfully submitted