HomeMy WebLinkAboutREP FC 630 11/02/1992 REPORT OF THE
COMMITTEE ON FINANCE
Date: November 2, 1992 Re: C-4279
Place: Councilroom
Time: 9 : 00 a .m.
Your Committee on Finance, to which was referred Bill No . 692,
reports as follows :
The purpose of Bill No . 692 is to amend Ordinance 92-73, the
Operating Budget for the fiscal year ending June 30, 1993 , by
increasing revenues to the following accounts from revenue of the
prior year:
Account No . Source Fund Amount
3304 . 01 State Grant-In-Aid General ($176, 000)
3609 . 10 Fund Balance From Previous Year 551, 000
$375, 000
and appropriating to the following expenditure accounts :
Account No. Function & Activity Fund Amount
010-911-5911 . 03-341 Vacation Pay General $235, 000
010-011-5911 . 62-115 Provision for Transition 40, 000
010-911-5911. 91-341 Unemployment Compensation 100, 000
$375, 000
Pursuant to Section 10-8 of the County Charter, it states that
anytime during the fiscal year when there are available funds for
appropriation, the mayor shall certify to the county council and the
county council may amend or make supplemental appropriations for the
year up to the amount of available revenues . The appropriations may
be made by ordinance effective immediately upon adoption.
The Committee on Finance understands that the balance of $1, 173 , 519
in the General Fund is the net excess fund balance available for
appropriation.
The Committee further understands that Bill No . 692 makes adjustments
of $551, 000 for the projected Transit AccommodationsTax shortfall,
the payment for accumulated vacation pay, provision for the
transition of the new administration, and the anticipated
unemployment compensation, thereby leaving a balance of $622, 000 .
FC REPORT No. 630
ADOPTED: NOV. 3 1992
FC-630 Page 2 November 2, 1992
The Committee on Finance does not concur that we limit the funds
as proposedby Bill No . 692 and recommends that Bill 692 be amended
by increasing revenue account 3609 . 10, Fund Balance From Previous
Year by $439 , 623 and appropriatingsame to the following expenditure
accounts :
Account No. Function & Activity Fund Amount
010-161-5161. 60-115 R&D Tourism Promotion General $6, 000 . 00
Misc. Contractual Services
• 010-141-5141 . 81-115 Planning/Implementation Prog . 200, 000 . 00
Misc. Contractual Svc. (Hilo CDP)
010-311-5311 . 02-115 Mass Transit Agency 48, 000 . 00
Misc. Contractual Svc.
(HCEOC Elderly Trans . )
Finance Adm. & Budget 77, 000 . 00
Misc. Contractual Svc.
(HCEOC - Multi Family Svc. )
010-221-5221 . 02-229 Fire Protection 6, 000 . 00
Bldg . & Constr . Material
(N. Kohala Shed)
010-221-5221. 10-457 Fire Protection 7, 623 . 00
Fire Station Equipment
(Waikoloa Station)
010-801-5801 .33-341 Transf . to Cap. Proj . Fund 95, 000 . 00
(Kalopa By-Pass - $80, 000)
(Laupahoehoe Fire Stn. Ext . - $15, 000)
$439 , 623 . 00
Your Committee on Finance is in accord with the intent and purpose
of Bill No . 692, Draft 2, and recommends that it pass first
reading .
Respectfully submitted,
COMMITTEE ON FINANCE AYES NOES
{
ALONZO X
Af / i / • ARAKAKI X
J' d " . ARAKAKI , CHAIRMAN DE LIMA
X
DOMINGO A&E
LAI X
MAKUAKANE X
LA/DI
RUDDLE X
FC REPORT NO. 630
ADOPTED: