HomeMy WebLinkAboutREP FC 114 08/05/1997 1996-1998 REPORT OF THE
COMMITTEE ON FINANCE
DATE: August 5, 1997 Re: Comm. No. 403/Bill No. 117
PLACE: Councilroom
TIME: 10:45 A.M.
Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 117, reports as follows:
Bill No. 117, transmitted jointly with Resolution No. 130 by Finance Director Harry Takahashi,
via Communication No. 403, dated July 17, 1997, amends Ordinance 97-82, as amended, the
Operating Budget ending June 30, 1998, by establishing the following district appropriations:
DISTRICT AMOUNT
Puna $ 759,600.00
South Hilo 1,600,650.00
North Hilo 100,350.00
Hamakua 264,600.00
North Kohala 132,750.00
South Kohala 382,950.00
North Kona 777,600.00
South Kona 249,300.00
Ka'u 232,200.00
Circle Island 800.000.00
Total $5,300,000.00
On March 15, 1988, the Hawaii County Council adopted Resolution No. 397-88 which increased
the fuel tax by an additional 3.8 cents per gallon. Resolution No. 397-88 was instrumental in
creating the fuel tax increase expenditure plan which provided for the expenditure of an
anticipated $1.5 million in amiual revenues. These revenues were to be utilized for road
improvement projects over aten-year period, delineated in five increments. This measure also
established a district apportio~rment formula, based upon a percentage derived from each
district's vehicle weight tax and road miles.
Resolution 351-91, adopted on August 7, 1991, amended Resolution No. 397-88 by providing
for revenues in excess of the monthly amount projected for any increment to be made available
for circle island roadways.
FC. REPORT NO. 1 14
As the fifth and final increment of the project plan, Bill No.117 appropriates funds for district
and circle island road improvement projects. Allotments from the district appropriations shall be
made to the specific projects listed on Exhibit A.
Funds for these projects shall be provided from that portion of the Highway Fund which is
designated as the Fuel Tax Increase Account No. 3104.06.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 117 and
recommends it pass first reading.
Ikc
Ayes Noes A&E EX
Respectfully submitted
CHUNG X
I,EtTHEAn-TOnn x CO MITTEE ON FINANCE
env x
SANTANGELO X Q'2 ~
SMITH X
TvirEe x AARON S.Y. CHLTN ,CHAIR
YAGONG X FC REPOR NO._ 1 I4 `
ARA KAKI, E.O.M. X ADOPTED: i~ 1997