HomeMy WebLinkAboutREP FC 027 2019/04/18 2018-2020 REPORT OF THE
COMMITTEE ON FINANCE
DATE: April 18, 2019 Re: Comm. No. 118/Bill No. 31
PLACE: Council Chambers
Hilo, Hawai`i
TIME: 9:04 a.m.
Council Chair and Members
Hawai`i County Council
Hilo, Hawaii 96720
Your Committee on Finance, to which was referred Bill No. 31,reports as follows:
Bill No. 31, transmitted by Mayor Hany Kim, via Communication No. 118 dated March 1, 2019,
transmits the proposed Capital Budget for Fiscal year(FY) 2019-20, and the Capital Program for
the next six years from FY 2019-20 to 2024-25, which includes 39 projects requiring a
total appropriation of$160.3 million. Approximately$99.1 million are intended to be funded in
whole or part by bonds, $56.5 million to be funded by the State Revolving Loan Fund or State
Capital Improvements Program, $3.5 million to be funded by federal funds, and $0.5 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 May 20, 2019, pursuant to Section 10-4 of the Hawai`i County Charter, the Council will
conduct a public hearing on the proposed Operating and Capital Budgets at the Hawai`i County
Building in Hilo and provided videoconferencing at the West Hawai`i Civic Center in Kailua-
Kona.
On April 16, 2019, Mayor Harry Kim presented this proposed budget on the first day of the
Departmental Budget and Program Reviews.
On April 16, 17, and 18, 2019, 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, 2019.
County 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 3"i before proceeding with
amendments. Amendments, if any, may be transmitted for consideration at or prior to first
reading at the May 22, 2019, Special Meeting of the Council.
FC Report No. 27
FC-27 Page 2 April 18, 2019
Your Committee on Finance is in accord with the purpose and intent of Bill No. 31, and
recommends its passage on first reading.
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AYES NOES ABS EX Respectfully submitted,
CHUNG X
DAVID x COMMITTEE ON FINANCE
EOFF X
KANEALI`I-KLEINFELDER X
KIERKIEWICZ X IOW
LEE LOY X 4Ifr -1411W
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POINDEXTER X MAILE MEDEIROS DAVID, CHAIR
RICHARDS X FC REPORT NO.: 27
VILLEGAS X ADOPTED: MAY 2 2 2619