HomeMy WebLinkAboutREP FC 015 2017/05/02 (2016-2018) REPORT OF THE
COMMITTEE ON FINANCE
DATE: May 2, 2017 Re: Comm. No. 92/Bill No. 12
PLACE: Council Chambers
Kailua-Kona, Hawai`i
TIME: 2:30 p.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Bill No. 12, reports as follows:
Bill No. 12, transmitted by Finance Director Collins Tomei, via Communication No. 92 dated
March 1, 2017, transmits the proposed Capital Budget for Fiscal year(FY) 2017-18, and the
Capital Program for the next six years from FY 2017-18 to 2022-23,,which includes 37 projects
requiring a total appropriation of$130.2 million. Approximately$81.2 million are intended to
be funded in whole or part by bonds, $39.3 million to be funded by the State Revolving Loan
Fund or State Capital Improvements Program, $9.66 million to be funded by federal funds, and
$0.05 million to be funded by fair share contributions.
This bill includes the mayor's transmittal letter that describes "Funding Sources," "Debt
Service," "Capital Improvement Project," "Project Data/Financial Impact Statements," and "Fair
Share Contributions."
On April 4, 2017,pursuant to Section 10-4 of the Hawai`i County Charter, the Council
conducted a public hearing on the proposed Operating and Capital Budgets at the Hilo County
Building and provided videoconferencing at the West Hawai`i Civic Center.
On April 11, 2017, Mayor Harry Kim presented this proposed budget on the first day of the
Departmental Budget and Program Reviews.
On April 11, 12, and 13, 2017, Your Committee reviewed the proposed Operating and
Capital Budgets during the Departmental Budget and Program Reviews, then postponed
this measure to the May 2, 2017, Finance Committee meeting.
On May 2, 2017, Council Member Karen Eoff requested clarification regarding the budget
process.
Deputy Clerk Jon Henricks confirmed that pursuant to Section 10-2(a)(5) of the Hawai`i County
Charter, the Mayor will be submitting an amended budget on May 5th before proceeding with
amendments. Amendments, if any, may be transmitted for consideration at or prior to first
reading at the May 18, 2017, Special Meeting of the Council.
FC Report No. 15
FC-15 Page 2 May 2, 2017
There was no discussion on this measure.
Your Committee on Finance is in accord with the purpose and intent of Bill No. 12, and
recommends its passage on first reading.
dm
AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
EOFF X
KANUHA X
LEE LOY X % �`
O'HARA X '
POINDEXTER x MAILE DAVID, CHAIR
RICHARDS X FC REPORT NO.: 15
RUGGLES X ADOPTED: MAY 1 8 2017