HomeMy WebLinkAboutREP FC 110 2018/04/19 (2016-2018) REPORT OF THE
COMMITTEE ON FINANCE
DATE: April 19, 2018 Re: Comm. No. 756/Bill No. 111
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 9:00 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawai`i 96720
Your Committee on Finance, to which was referred Bill No. 111, reports as follows:
Bill No. 111, transmitted by Finance Director Deanna Sako, via Communication No. 756 dated
March 1, 2018, transmits the proposed Capital Budget for Fiscal year (FY) 2018-19, and the Capital
Program for the next six years from FY 2018-19 to 2023-24, which includes 39 projects requiring a
total appropriation of$190.9 million. Approximately$114.6 million are intended to be funded in
whole or part by bonds, $75.2 million to be funded by the State Revolving Loan Fund or State Capital
Improvements Program, $0.16 million to be funded by federal funds, and $1.00 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 March 27, 2018, pursuant to Section 10-4 of the Hawaii County Charter, the Councilconducted
a public hearing on the proposed Operating and Capital Budgets at the West Hawai`i Civil Center and
provided videoconferencing at the Hilo County Building.
On April 17, 2019, Mayor Harry Kim presented this proposed budget on the first day of the
Departmental Budget and Program Reviews.
On April 17, 18, and 19, 2018, Your Committee reviewed the proposed Operating and Capital
Budgets during the Departmental Budget and Program Reviews, then moved to Council with a
positive recommendation to be heard on May 22, 2018.
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 4`1'before proceeding with
amendments. Amendments, if any, may be transmitted for consideration at orprior to first reading
at the May 22, 2018, Special Meeting of the Council.
FC Report No. 110
FC-110 Page 2 April 19, 2018
Your Committee on Finance is in accord with the purpose and intent of Bill No. 111, and recommends
its passage on first reading.
dmm
AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
EOFF X
KANUHA X
LEE LOY X � IMMO
O'HARA X J� _.
POINDEXTER x MAILE DAVID, CFIA
RICHARDS X FC REPORT NO.: 110
RUGGLES X ADOPTED: MAY 2 2 2018