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HomeMy WebLinkAboutREP FC 055 2017/10/17 (2016-2018) REPORT OF THE COMMITTEE ON FINANCE DATE: October 17, 2017 Re: Comm. No. 508/Bill No. 70 PLACE: Council Chambers Kailua-Kona, Hawai`i TIME: 12:53 p.m. Council Chair and Members Hawai`i County Council Hilo, Hawai`i 96720 Your Committee on Finance, to which was referred Bill No. 70, reports as follows: Bill No. 70, transmitted by Finance Director Collins Tomei, via Communication No. 508 dated September 29, 2017, amends Ordinance No. 17-40, as amended, relating to public improvements and financing thereof for the fiscal year July 1, 2017 to June 30, 2018. This bill adds the Civil Defense Land Mobile Radio Upgrade project for $5 million to the Capital Budget. Funds for this project shall be provided from the General Obligation Bonds, Capital Projects Fund—Fund Balance and/or Other Sources. Funds would be used to complete Phase 2 of the project, which requires the building of three new sites, surveying radio tower sites, and radio tower repairs. Council Member Eileen O'Hara requested clarification and Deanna Sako, Director of Finance, responded that this is actually a reappropriation which lapsed on June 30, 2017 and had not yet been encumbered. The funds are still needed to complete the project, finish the system, and fix the remaining towers. Pursuant to Section 10-6(e) of the Hawai`i County Charter, at any time during the fiscal year, the Council,by ordinance adopted by the affirmative vote of at least two-thirds of the entire membership, may amend the budget for that year. Your Committee on Finance is in accord with the purpose and intent of Bill No. 70, and recommends 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 Iffisriall10011 POINDEXTER x MAILE DAVID, CHAIR RICHARDS X FC REPORT NO.: 55 RUGGLES X ADOPTED: NOV 0 2 2017