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HomeMy WebLinkAboutREP FC 320 08/26/2008 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: August 26, 2008 Re: Comm. No. 1383/Bill No. 346 PLACE: Sheraton Keauhou Bay Resort & Hotel 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 12:30 p.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 346, reports as follows: Bill No. 346, transmitted by Director of Finance William Takaba, via Communication No. 1383, dated August 8, 2008, amends Ordinance No. 08-79, as amended, the Capital Budget, ending June 30, 2009, by adding the following project: PARKS & RECREATION: Hazardous Materials Mitigation - Islandwide 110.599.5599.10 $1,000,000 Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund - $1,000,000 Fund Balance and/or Other Sources Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with a two-thirds vote. Council Member Brenda Ford requested from Pam Mizuno of Parks & Recreation Department to provide Council with a breakdown of funding as to how much has been encumbered; how much work has been completed, and what projects are still pending for completion. Your Committee on Finance is in accord with the purpose and intent of Bill No. 346, and recommends it pass first reading. la AYES NOES A&E Ex Respectfully submitted, FORD X HIGA x COM ITTEE ON FINANCE HOFFMANN X IKEDA x JACOBSON X NAEOLE X PILAGO x DOMINIC YAGO C VI YAGONG X FC REP T NO. 320 YOSHIMOTO X ADOPTED: Rr ' 0 ?One ~