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Committee forwards $16.5M reappropriation to council after members seek more accounting
Summary
Bill 105 would reappropriate $16,515,493.51 to the Affordable Housing Production account to cover lapsed awards and reserved projects; the committee forwarded the bill to council after debate and requests for a detailed breakdown of where lapsed funds came from.
The Hawaii County Finance Committee voted to forward Bill 105 to council with a favorable recommendation after extensive questioning from members about timing, accounting, and program performance.
Bill 105 amends the county operating budget to appropriate $16,515,493.51 from fund balance to the housing production account. Office of Housing staff said the total includes prior-year projects that lapsed because contracts were not encumbered before the fiscal year ended, projects reserved for internal…
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