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HomeMy WebLinkAboutREP FC 472 11/13/1991 REPORT OF THE COMMITTEE ON FINANCE Date: November 13 , 1991 Re: 'Comm. 2873 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 488, reports as follows : Bill 488 proposes to amend Ordinance 91-51, the Capital Improvement Budget for Fiscal Year 1991-92, by adding the following projects : DEPARTMENT OF PUBLIC WORKS: Hilo Sewer Treatment Plant $353,300 (110-699-5692 . 69-115) Kealakehe Wastewater Treatment Plant $163,200 Funds shall be provided from the Fund Balance Account of the Capital Projects Fund: Fund Balance (2271. 00) $516, 500 Communication No . 2873 , dated September 17, 1991, from the Finance Director, transmits said Bill No . 488 and Department of Finance Request For Council Action. Your Committee requested the Administration provide the Council final certification of FY 1990-1991 fund balances and suggested said Bill 488 be deferred until same is received and reviewed by Council members . Members also questioned if any of the proposed funds for the Kealakehe Wastewater Treatment Plant were tied to the State' s HFDC share of expenses for expansion of facilities . The Administration explained that both aforementioned projects are ongoing with pending change orders and subagreement amendments that require certification of funds and which are contingent on the said amount $516, 500 in lapse funds being reappropriated. These funds will also be required for change orders presently being negotiated and for future project claims and other expenses necessary to complete both projects . At the Finance Committee ' s September 24, 1991 meeting, your Committee deferred action until Administration provide and the Council review the Certification of Fund Balances . FC REPORT NO , 472 ADOPTED: DEC o 1991 a ' FC- 472 Page 2 November 13, 1991 At its November 13 , 1991 meeting, your Committee again considered subject Bill No . 488 and also reviewed Communication No. 3051 dated November 6, 1991 from Mayor Inouye certifying fund balances available for appropriation as of June 30, 1991. Your Committee on Finance is in accord with the intent and purpose of Bill 488 and recommends that it pass first reading. HELENE H. HALE, CHAIRWOMAN ROBERT H. . KUAKANE, VICE CHR. BRIA J. D LIMA, ME s R 41,' 11111/ ._ TA . SHI DOMI GO, MI BER MERLE ' . LAI , MEMBER "dog:04007._ (ABSENT & EXCUSED) HARRY S. RUDDLE, MEMBER ••ENCE• K. SCHUTTE, MEMBER POL