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HomeMy WebLinkAboutREP FC 342 09/23/2008 2006-2008 REPORT OF THE COMMITTEE ON FINANCE DATE: September 23, 2008 Re: Comm. No. 1454/Bill No. 367 PLACE: Council Chambers TIME: 9:00 a.m. Council Chair and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill No. 367, reports as follows: Bill No. 367, transmitted by Director of Finance William Takaba, via Communication No. 1454, dated September 9, 2008, amends Ordinance No. 08-79, as amended, the Capital Budget, ending June 30, 2009, by adding the following project: PUBLIC WORKS: DPW Facilities Energy Efficient Systems 110.199.5199.38 $2,500,000 Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund- $2,500,000 Fund Balance and/or other Sources At the September 23, 2008 Committee on Finance meeting, Council Member Pete Hoffmann made a motion to postpone, and was duly seconded by Council Member Bob Jacobson, followed by a vote of the nine members in attendance, to hear this measure in the Committee on Finance meeting that is scheduled for October 7, 2008, based upon the fact that there was no representative from the Department of Public Works and no breakdown and/or assessment of the facilities for alternate energy resources and model energy self-sufficiency. 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. Your Committee on Finance is in accord with the purpose and intent of Bill No. 367, and recommends it pass first reading. la AYES NOES A&E Ex Respectfully submitted, FORD X HIGA x CO ITTEE ON FINANCE HOFFMANN X IKEDA X JACOBSON X NAEOLE x PILAGO x DOMINIC YAGONG A OYAGONG x FC REPOR . 42 VOSHIMOTO X ADOPTED: