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HomeMy WebLinkAboutREP FC 605 08/31/1992 REPORT OF THE COMMITTEE ON FINANCE Date: August 31, 1992 Re: Comm. 4037 Place: Councilroom Time: 9 : 00 a .m. Chairman and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill 658 , reports as follows : The purpose of Bill 658 is to amend Ordinance 92-73 , the Operating Budget for Fiscal Year ending June 30, 1993 , by increasing revenue in the amount of $30, 000 . 00 from Fund Balance From PY-Reserved (3609 . 08) and appropriating same to the Marijuana Eradication 1992 Miscellaneous Contract Services Account (010-201-5218 . 91-115) . Your Committee understands that the Marijuana Eradication 1992 Miscellaneous Contract Service (010-201-5218 . 91-115) was budgeted for $150, 000 . 00 . The actual signed contract with the Drug Enforcement Administration of the United States Department of Justice (DEA) is for $180, 000 . 00 . Enclosed is a copy of a 1992 Letter of Agreement 92-40 to verify this increase in revenue. Your Committee further understands that the General Account Fund Balance from PY-Reserved (3609 . 08) is a new account . Your Committee on Finance was informed that funding for the eradication of marijuana and other control substances comes from the Federal Drug Enforcement Agency (DEA) and the State Attorney General ' s Office (AG) . Your Committee also expressed concerrn about the Letter of Agreement 92-40 , Item 9 , hold harmless clause . Your Committee on Finance is in accord with the intent and purpose of Bill 658 and recommends that it pass first reading . Respectfully submitted, COMMITTEE ON FINANCE AYES NOES ALONZO X ,As/.LLams.. / / ARAKAKI X J'+ Y. A':4.KI , CHAIRMAN DE LIMA X DOMINGO X LA/DI LAI X MAKUAKANE X RUDDLE X FC REPORT NO. 60 ADOPTED: S P 1 � f�