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HomeMy WebLinkAboutREP FC 340 11/09/2004 2002-2004REPORT OF THE COMMITTEE ON FINANCE DA7 E: November 9. 2004 PLACE: Council Chambers TIME: 10:10 a.m. Re: Comm. No. 813Bi11 No. ;54 Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 354, reports as follows: Bill No. 3~4, transmitted by Director of Finance William 'I'akaba, via Communication No. 813. dated October 1 R, 2004, amends Ordinance No. 04-74, as amended, the Operating Budget. ending .Tune 30, 2005. The amendment is as follows: From: 3305?3 State Grants -Product Development General $75,000 Program To: 010-161-5162.99 Product Development Program General $75,000 The Department of Research & Development will be receiving additional funds from the State of Hawaii - l~iawai'i Tourism Authority to ensure that the contract management procedures and the overall administration of the program continue to run smoothly. Pursuant to Section 46-7, Hawaii Revised Statutes, and Section 13-13(b), Hawaii County Charter, Lhe Mayor is already authorized to apply for, receive and expend the funds for this program identified in the Operating Budget. Some members of Your Committee requested a copy of the supplemental agreement from the Department of Research and Development as soon as it has been received. Your Committee on Finance is in accord with the purpose and intent of Bill No. 354 and recommends it pass tirst reading. smc n ev Hors ~&r: ins CHUNG X SA FA R11< X ARAKAKI X F.LARIONOFF X HOLSCHUH X JACOBSON X RE\'NOLUS X TULANG X T\ LF,R X Respectfully submiCted ~CO T"I EE ON F[NANCE AARON S.Y. CHUNG, CHA FC REPORT NO. ~ ADOPTED: NOS