HomeMy WebLinkAboutREP FC 078 05/06/1997 1996-1998 REPORT OF THE
COMMITTEE ON FINANCE
DATE: May 6, 1997 Re: Comm. No. 260
PLACE: Councilroom
TIME: 10:50 A.M.
Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Communication No. 260, reports as follows:
Communication No. 260, transmitted by Al Smith, Secretary-'T'reasurer for the Hawaii State
Association of Counties (HSAC), dated April 16, 1997, submits the proposed HSAC Annual
Budget for fiscal year 1997-98.
Pursuant to the By Laws of the Hawaii State Association of Counties, Section 17, Budget, the
executive committee shall prepaze and submit to each council an operating budget. The budget
shall present a complete financial plan for the current operations of the corporation in the ensuing
fiscal year which will be shazed commonly and equally by all councils.
The HSAC proposed budget for fiscal year 1997-98 is $44,292. The following assumptions and
changes have been incorporated into the proposed budget:
1. Interest Income will decrease due to lower cash balances within financial institutions.
2. Dues will remain the same.
3. Fund Balance is estimated at $8,992.00
4. Inter-island travel will be budgeted at $100.00 per round-trip.
5. NACo and WIR travel will revert to the FY 95-96 authorization level of 3 per county.
6. WTR Promotional will be reduced to the FY 95-96 authorization level.
Your Committee on Finance is in accord with the purpose and intent of Communication No. 260
and recommends its approval.
Ikc
Ayes Noes A&E EX
Respectfully submitted
CHUNG X
LEITHEAD-TODD x C IvJi~'TEE FINANCE
RAV X _
SANTANGELO X L. ~ ~ j
SMITH X 1
TYLER X AARON S.Y. CHUNG, AIR
YAGONG X FC REPORT NO. 7 8
ARnxnxt, s.o.n~ ADOPTED: MA 199.