REP FC 218 05/01/2012 2010-2012 - Laserfiche WebLink

Home

REPORT OF THE COMMITTEE ON FINANCE DATE: May 1, 2012 Re: Comm. 605/Bill 198 PLACE: Council Chambers Kailua-Kona, Hawaii TIME: 8:01 a.m. Council Chair and Members Hawai i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 198, reports as follows: Bill No. 198, transmitted by Mayor William P. Kenoi via Communication 605, dated March 1, 2012, submits for consideration the proposed Capital Budget for Fiscal Year 2012-13, and the Six-Year Capital Improvements Program for the Fiscal Years 2012-13 to 2017-18, consisting of 63 projects totaling $171,917,000, of which $36,380,000 are Federal Grants Receivable, $98,536,000 are County-financed in whole or in part through bonds, $36,951,000 to be funded by State Revolving Fund, and $50,000 to be funded by fair share contributions (detailed in Table 1). Attached to the transmittal are five (5) tables, created to provide a summary of capital budget projects in different formats: • List of Projects and Proposed Funding Sources includes proposed projects that are requesting funds for this fiscal year, what makes them eligible as a capital project, location, council benefit district, funding source, 6-year forecast of funding needs and total project costs. • Capital Project Eligibility List categorizes projects by their eligibility. • Location of Project by Council Districts indentifies all the council districts that will actually benefit from a particular project • Council Benefit Districts identifies all the council districts that will actually benefit from a particular project • Six-Year Capital Program FY 2012-2013 to 2017-2018 Your Committee originally reviewed the Capital Budget in conjunction with departmental program reviews on April 18 through April 20, 2012. Pursuant to Section 10-4, Hawaii County Charter, the Council also conducted a public hearing on the proposed FY 2012-13 Operating and Capital Budgets in Kona on May 1, 2012, which was videoconferenced to the Hilo, Pahoa, and Waimea Council offices. Upon review of the Mayor's amended budget submittal on May 3, 2012, the Council may propose amendments as necessary. FC Rept. No. 218