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HomeMy WebLinkAboutREP FC 007 12/16/2008 2008-2010REPORT OF THE COMMITTEE ON FINANCE DATE: 12/ 16/2008 PLACE: Sheraton Keauhou Bay Resort & Hotel 78-128 `Ehukai Street Kailua-Kona, Hawaii TIME: 8:30am Council Chair and Members Hawaii County Council Hilo. Hawaii 96720 Re: Comm. No. 33/Bill No. 7 Your Committee on Finance, to which .vas referred Bill No. 7, reports as follows: Bill No. 7, transmitted by Finance Director Nancy Crawford, via Communication No. 33, dated December 2, 2008, amends Ordinance No. 08-79, as amended, the Capital Budget, ending June 30, 2009, by adding the following project: PUBLIC WORKS: Bridge Repairs-Islandwide $2,500,000 (110.399.5399.53) Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund - $2,500,000 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 atwo-thirds vote. Councilmember Hoffmann requested a breakdown of what bridges are going to be repaired and how much money was going to be allocated to each project. Finance Director Nancy Crawford stated that there were no projects ready to go out to bid but would provide a breakdown to the Council prior to the next meeting. Councilmember Ford stated her agreement with Mr. Hoffmanr.'s request and also asked that a list of the types of repairs be provided and questioned if any FEMA money could be involved. Director Crawford' stated that she did not believe any FEMA money was involved but would confirm the information prior to the next meeting. Your Committee on Finance is in accord with the purpose and intent of Bill No. 7, and recommends it pass first reading. sao APES NOES A&E E\ ENRIQUES X FORD X CREENWELL X HOFFMANN X IKEDA X NAEOLE X ONISHI X YAGONC X YOSHID10T0 X Respectfully submitted, COMMITTEE ON FINANCE LSI t~l~ DONALD IKEDA, V[CE CHAIR FC REPORT NO. 7 ADOPTED: ,JAN O T 2009