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HomeMy WebLinkAboutREP FC 543 04/21/1992 • OFFICE INFORMATION ONLY Meeting: April 1, 1992 Action: Resolution 430-92 was deferred; Bill 599 was filed due to adoption of Ord. 92-73, Operating Budget for FY 1992-93 Re: • 4 REPORT OF THE COMMITTEE ON FINANCE Date: April 21, 1992 Re: Comm. 3494 Place: Councilroom Time: 10 : 00 a.m. Chairman and Members Hawaii County Council Hilo, Hawaii 96720 Your Committee on Finance, to which was referred Bill 599 , reports as follows : Bill 599 proposes to amend Ordinance 91-50, the Operating Budget for Fiscal Year 1991-92, by appropriating revenues in the following General Fund Accounts : Account No . Source Amount 010-000-3301 . 72-000 FEMA Disaster Relief $98, 685 . 00 and appropriating same to the following account : Account No . Function & Activity Amount 010-911-5911. 13 .341 Contingency Account $98, 685 . 00 Comm. No . 3494 , from Finance Director William Takaba, dated March 24 , 1992, submits Bill 599 to amend Ordinance 91-50, appropriating $98, 685 that they expect to receive from the Federal Emergency Management Agency (FEMA) to the Contingency Account . The Finance Director explains , although they anticipate receiving $256, 260 in total, $4 , 765 will go to the Department of Water Supply and $152, 810 to the Highway Fund. The purpose of this appropriation is to replenish what will be transferred from the Contingency Account and placed into the Puna Park Acquisition Account (resolution in process) . The Puna Park Acquisition Account is being established to enable the County to purchase beach park property in Pohoiki to replace what was lost in Kalapana . FC REPORT No. 543 ADOPTED: FC- 543 Page 2 April 21, 1992 A Parks Acquisition Resolution No . 430-92 was deferred at Council on April 1, 1992 . The Finance Committee recommends that Bill 599 be taken up concurrently with Parks Acquisition Resolution No . 430-92 at Council and that it pass first reading after Resolution No . 430-92 is adopted. r HALENE H. HALE, CHA RWOMAN ROBERT H. MAKUAKANE, VICE CHR. BRIAN J 7 MA, MEMBE- (ABSENT & EXCUSED) ■04 M. TAKASHI DOMINGO, MEMBER MERL. K. LAI lMEM:71r' 41-6/ atALAL, - � L. HARRY S. UDDLE, MEMBER K. SCHUTTE, MEMBER EJT