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HomeMy WebLinkAboutREP FC 186 2014/08/05 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: August 5, 2014 Re: Comm. No. 953/Bill No. 274 PLACE: Council Chambers Hilo, Hawai`i TIME: 10:48 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 274, reports as follows: Bill No. 274,transmitted by Finance Director Nancy Crawford, via Communication No. 953 dated July 18, 2014, amends Ordinance No. 14-82, as amended, relating to public improvements and financing thereof for the fiscal year July 1, 2014, to June 30, 2015. The amendment is as follows: PUBLIC WORKS: Street Light Installations, Islandwide (110.388.5389.14) $ 2,000,000 Funds for this appropriation increase shall be provided from: General Obligation Bonds, Capital Projects Fund - Fund Balance and/or Other Sources $ 2,000,000 Funds would be used to install new streetlights and to upgrade existing streetlights island-wide. There was no discussion on this measure. Pursuant to Section 10-6(d), Hawai`i County Charter, the Council may amend the Capital Budget for that year with a two-thirds vote. Your Committee on Finance is in accord with the purpose and intent of Bill No. 274, 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 s ) KERN X 40, ONISHI X POINDEXTER X VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO.: 186 YOSHIMOTO X ADOPTED: AUG 2 11 1014