HomeMy WebLinkAboutREP FC 171 2014/05/01 (2012-2014) REPORT OF THE
COMMITTEE ON FINANCE
DATE: May 1, 2014 Re: Comm. No. 690/Bill No. 209
PLACE: Council Chambers
Kona, Hawai`i
TIME: 9:05 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Bill No. 209, reports as follows:
Bill No. 209, transmitted by Mayor William P. Kenoi via Communication No. 690, dated
February 28, 2014, submits for consideration the proposed Capital Budget for Fiscal Year
2014-15, and the Six-Year Capital Improvements Program for the Fiscal Years 2014-15 to
2019-20, consisting of 45 projects totaling $95.88 million, of which$3.36 million are Federal
Grants Receivable, $82.025 million are financed in whole or in part through bonds, $1.28 million
to be funded by fair share contributions, and $9.215 million to be funded by the State Revolving
Loan Fund (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 indicates the Council district where each project
is located.
• Council Benefit Districts identifies all the Council districts that will benefit from a
particular project.
• Six-Year Capital Program FY 2012-2013 to 2017-2018 lists all projects proposed by an
agency and provides the projected funding forecast for the next six fiscal years and total
estimated cost for each project. This list includes projects that do not require funding next
fiscal year but forecast a funding need within the following five years.
Your Committee originally reviewed the Capital Budget in conjunction with departmental
program reviews on April 2 through April 4, 2014. Pursuant to Section 10-4, Hawai`i County
Charter, the Council also conducted a public hearing on the proposed FY 2014-15 Operating and
Capital Budgets in Kona on April 15, 2014, which was videoconferenced to the Hilo, PThoa,
Kohala and Waimea Council offices.
FC Report No. 171
FC-171 Page 2 May 1, 2014
Upon review of the Mayor's amended budget submittal on May 5, 2014, the Council may
propose amendments as necessary.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 209, and
recommends its passage on first reading.
Sc
AYES NOES ABS EX Respectfully submitted,
EOFF X
FORD x COMMITTEE ON FINANCE
ILAGAN X
KANUHA X
4:2-7
KERN X 7), `ONISHI X '
POINDEXTER x VALERIE T. POINDEXTER, CHAIR
WILLE X _ FC REPORT NO.: 171
YOSHIMOTO X ADOPTED: MAY 1 4 2014