HomeMy WebLinkAboutREP FC 163 12/06/2011 2010-2012 REPORT OF THE
COMMITTEE ON FINANCE
DATE: December 6, 2011 Re: Comm. No. 472Bi11 147
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 3:11 p.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill 147, reports as follows:
Bill 147, transmitted by Finance Director Nancy Crawford via Communication No. 472, dated
November 22, 2011, amends Ordinance No. 11-59, as amended, the Operating Budge ending
June 30, 2012. The amendment is as follows:
From:
020.3690.08 Fund Balance From Previous Year—
Reserved Highway $24,251.48
To:
020.801.5801.34 Transfer to Capital Projects Fund- Highway $24,251.48
The bill amends the Operating Budget, by appropriating these excess revenues to the Capital
Projects Fund, in order for the Department of Public Works to expend it. For FY 2010-11,
$3,258,000 was budgeted for Fuel Tax Increase revenues. The actual revenue realized for Fuel
Tax Increase was $3,283,251.48, exceeding the budgeted amount of$24,251.48.
Pursuant to Section 46-7, Hawaii Revised Statutes, County departments must obtain the consent
of the Council to enter into agreements with the Federal or State governments respecting action
to be taken pursuant to any powers granted by law to furnish, expend, and receive any funds or
other assistance in connection with projects being or to be undertaken pursuant to those powers.
Finance Director Nancy Crawford, Deputy Director of Finance Deanna Sako, and Public Works
Director Warren Lee appeared before Your Committee. Mr. Lee explained that the $24,251.48 is
an excess collection lapse of fund balance. He also stated that the ordinance submitted for the
fuel tax was based on an estimate and, on this case, the estimate was low. Therefore, actual
collection was higher than allowed in the ordinance. Although the ordinance allows expending
up to a certain amount, this budgeted amount of$24,251.48 will be commenced and
reappropriated. The reappropriation will go to several projects, and Mr. Lee will provide details
FC Report No. 163
FC-163 Page 2 December 6, 2011
during the discussion of Bill 150. Ms. Crawford commented that some of these monies might
have been spent and is not available.
Your Committee on Finance is in accord with the purpose and intent of Bill 147, and
recommends its passage on first reading.
dkr
AYES NOES A&E EX Respectfully submitted,
BLAS X
FORD x COMMITTEE ON FINANCE
HOFFMANN X
EE E X
I X 37-4 #1164- 9/i
X
SMART X BRENDA FORD, CHAIR
YAGONG X FC REPORT NO. 163
YOSHIMOTO X ADOPTED: DEC 2 1 2011