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HomeMy WebLinkAboutREP FC 189 2014/08/20 (2012-2014) REPORT OF THE COMMITTEE ON FINANCE DATE: August 20, 2014 Re: Comm. No. 980/Res. No. 488-14 PLACE: Council Chambers Kona, Hawai`i TIME: 10:24 a.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Resolution No. 488-14, reports as follows: Resolution No. 488-14, transmitted by Finance Director Nancy Crawford, via Communication No. 980 dated July 31, 2014, authorizes the payment of funds of a later fiscal year and of more than one fiscal year for a multi-year lease for one thermoplastic traffic markings long line truck for the Department of Public Works. The resolution authorizes the Mayor to enter into a five-year lease agreement at an approximate cost of $7,000 per month. There was no discussion on this measure. Pursuant to Section 10-11, Hawai`i County Charter, any contract, lease or other obligation requiring payment of funds from the appropriations of a later fiscal year or of more than one fiscal year shall be made or approved by resolution. Your Committee on Finance is in accord with the purpose and intent of Resolution No. 488-14, and recommends its adoption. sc AYES NOES ABS EX Respectfully submitted, EOFF X FORD X COMMITTEE ON FINANCE ILAGAN X KANUHA X KERN X :4 � ONISHI X POINDEXTER X VALERIE T. POINDEXTER, CHAIR WILLE X FC REPORT NO.: 189 YOSHIMOTO X ADOPTED: SEP 11 5 2014