HomeMy WebLinkAboutREP FC 337 10/19/2004 2002-2004REPORT OF THE
COMMITTEE ON FINANCE
DATE: October 19, 2004
PLACE: Council Chambers
f[ME: 1:25 p.m.
Council Chair and Members
Hawaii County Council
Milo, Hawaii 96720
Re: Comm. No. 804/Bill No. 350
Your Committee on Finance, to which was referred Bill No. 350, reports as follows:
Bill No. 350, transmitted by Mayor Harry Kim, via Communication No. 804, dated October 7, 2004,
amends Ordinance No. 04-74. as amended, the Operating Budget, ending June 30, 2005. The
amendment is as follows:
Prom:
3609.10 Fund Balance from Prior Year
General $3,217.488
Tb
010-161-516.01 Research and Development S&W
010-171-5171.22 Building R & M OCE
010-801-5801.33 Transfer to Capital Project Fund-G
0l 0-801-5801.43 Transfer to Self Insurance Fund
'these additional funds will be used as follows:
General $ 37,488
$ 80,000
$ 600,000
$2,500,000
TOTAL $3,217,488
• Self-Insurance Fiord ($2,500,000) to cover approved and anticipated settlements and to provide a
reserve for future claims.
• Parks & Recreation Repair and Maintenance ($600,000). $100,000 will be used to replace up to
ten life guard towers, four of which have already been removed because they were unsafe. 'i~he
additional $500,000 will be used to make major repairs to Laupahoehoe gym, La`aloa Beach
Park and other park facilities.
• Honoka'a Sewer System ($80,000) will be used for a preliminary engineering study for the
County~s sewer system in downtown Honoka`a. The estimated cost of the study is $100,000, of
which $20,000 will be covered by Council Member Fred Holschuh's discretionary fund.
• Research & Development Deputy Director ($37,488) will be used to fund the Research &
Development Deputy position for the last six months of this fiscal year.
Pursuant to Section 10-8 of the Hawaii County Charter relating to supplemental appropriations. the
Mayor has certified that there is an excess balance of $6,697,734.37 in the General Fund fund balance as
of Junc 30, 2004.
FC REPORT NO. __ 337
Several testimonies in favor of the measure were received.
Your Committee Members expressed concerns that the County's Risk Management System is not in
existence.
Por informational purposes. Mr. Tyler voted "kanalua" then "yes."
Your Committee on Finance is in accord with the purpose and intent of Bill No. 350 and recommends it
pass tirst reading.
smc
:errs nora Oar: ,gun
CHUNG X
SAFARII~ X
ARA K.4K1 X
ELARIONOFF X
HOLSCHUII X
JACOBSON X
RF,YNOI,DS X
TULANG X
TYI, F,R X
Respectfully submitted
ON FINANCE,
AARON S.Y. C}IUNG, CHA
FC REPORT NO.
AooPTE~: N0~'