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HomeMy WebLinkAboutREP FC 038 2017/09/06 (2016-2018) REPORT OF THE COMMITTEE ON FINANCE DATE: September 6, 2017 Re: Comm. No. 402/Bill No. 63 PLACE: Council Chambers Hilo, Hawai`i TIME: 1:35 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 63, reports as follows: Bill No. 63, transmitted by Finance Director Collins Tomei, via Communication No. 402 dated August 17, 2017, amends Ordinance No. 17-39, as amended, the Operating Budget for the County of Hawai`i for the fiscal year ending June 30, 2018. This bill increases revenues in the State Grants— Street Light/Traffic Signal Maintenance account ($400,000); and appropriates the same to the Traffic Signals & Street Lights account. Funds would be used to reimburse the County$400,000 for the conversion of streetlights on lands owned by the State Department of Hawaiian Home Lands from low pressure sodium to light emitting diode. Revenue is appropriated as follows: Account No. Source Fund Amount 020.3304.52 State Grants— Street Light/Traffic Signal Mtn General $ 400,000 Total $ 400,000 The above specified amount is appropriated to the fund and expenditure accounts as follows: Account No. Function and Activity Fund Amount 020.281.5281.32 Traffic Signals & Street Lights General $ 400,000 Total $ 400,000 There was no discussion on this measure. Pursuant to Section 46-7, Hawai`i Revised Statutes, County departments must obtain the consent of the Council to enter into agreements with the Federal or State governments or any other public body or bodies respecting action to be taken pursuant to any powers granted by law to furnish, expend, and receive any funds or other assistance in connection with projects being or to be undertaken pursuant to those powers. FC Report No. 38 FC-38 Page 2 September 6, 2017 Your Committee on Finance is in accord with the purpose and intent of Bill No. 63, 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 'OP LEE LOY X41116)' �f O'HARA X � / POINDEXTER x MAILE DAVID, CHAIR RICHARDS X FC REPORT NO.: 38 RUGGLES X ADOPTED: SEP 2 0 2017