HomeMy WebLinkAboutREP FC 221 05/16/2012 2010-2012 REPORT OF THE
COMMITTEE ON FINANCE
DATE: May 16, 2012 Re: Comm. No. 703/Bill 253
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 8:06 a.m.
Council Chair and Members
Hawaii County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill 253, reports as follows:
Bill 253, transmitted by Finance Director Nancy Crawford via Communication No. 703, dated
April 27, 2012, amends Ordinance No. 11-59, as amended, the Operating Budget for
the County of Hawaii for the fiscal year ending June 30, 2012 relating to the Public Access,
Open Space and Natural Resources Preservation Fund. The amendment is
as follows:
From:
010.3101.16 Real Property Taxes Interest General $ 100,000
To:
010.901.5801.52 Transfer to Public Access/Open General $ 100,000
Space Preservation Fund
Real property tax interest revenues are expected to exceed the amount budgeted in the Real
Property Tax (RPT) Interest account for FY 2011-12. Two percent of these additional revenues
are to be transferred to the Public Access, Open Space and Natural Resources Preservation Fund.
The current appropriation for the transfer account is insufficient.
This proposed bill for an Ordinance amends the Operating Budget by increasing the
appropriation of the Transfer to Public Access/Open Space Preservation Fund account by
$100,000. This estimate is high in order to ensure that there is sufficient appropriation available
to provide the Public Access, Open Space and Natural Resources Preservation Fund with all
monies it is due.
Pursuant to Section 46-7, Hawai`i 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.
FC Report No. 221
FC-221 May 16, 2012
Finance Director Nancy Crawford appeared before Your Committee and commented on the
purpose of increasing the appropriation for this fiscal year.
Your Committee on Finance is in accord with the purpose and intent of Bill 253, and
recommends its passage on first reading.
dkr
AYES NOES A&E EX Respectfully submitted,
BLAS X
FORD X COMMITTEE ON FINANCE
HOFFMANN X
IKEDA X
ONISHI Xa
PILAGO X
SMART X BRENDA FORD,CHAIR
YAGONG X FC REPORT NO. 221
YOSHIMOTO X ADOPTED: JUN 0 8 2012