HomeMy WebLinkAboutCOM 0297.000 2002-2004 +(Y or N4
Harry Kim
Mayor ~ William T. Takaba
Director
Nancy E. Crawford
Deputy
~''~'dt'~~"~ Michael N. Okumoto
Treasurer
County of Hawaii
DEPARTMENT pF FINANCE
TREASURY DIVISION
101 Pauahi Street, Suite No.5 . Hilo, Hawaii 96720-4252
(808)961-8351 (808)961-8330 (FAX)
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July 24, 2003 t'1 w
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The Honorable James Y. Arakaki, Chairman - rv
And Members of the Council ' rs,
County of Hawaii _ a
25 Aupuni Street
Hilo, Hawaii 96720
Dear Chairman Arakaki:
Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular
summarl~of bonded indebtedness of the County of Hawaii as of June 30. 2003.
Concurrence by the Chairman of the Finance Committee and the Corporation
Counsel are attached.
Very truly yours,
William T. T kaba
Director of Finance
Encls.
Comm. No.
Ref. To:
Ref. Date
M?r or N~
Harry Kim William T. Takaba
Mayor
L Director
Nancy E. Crawford
Deputy
Michael N. Okumoto
Treasurer
County of Hawaii
DEPARTMENT OF FINANCE
TREASURY DIVISION
101 Pauahi Street, Suite No.5 . Hilo, Hawaii 96720-4252
(808)961-8351. (808)961-8330 (FAX)
July 23, 2003
Mr. Aaron S.Y. Chung
County Council
County of Hawaii
25 Aupuni Street
Hilo, Hawaii 96720
Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for
your review and concurrence a tabular summary (with supporting schedules) of the
net funded debt of the County of Hawaii as of June 30, 2003.
The attached tabular summary requires concurrence from both the Chairman of the
Finance Committee and the Corporation Counsel. If you concur with this summary,
please sign and return the original of this letter and keep the copy for your files. If
you disagree with any item, please indicate the item of disagreement and your
reasons therefor. After receiving your responses, I must transmit the summary and
your responses to the County Council for its action.
Thank you very much for your prompt attention to this matter. Please call me if you
have any questions.
William T. Tal ba
Director of Finance
Encl.
I concur/don ith the tabular summary of the net funded debt of the
County of Hawaii as of June 30, 2003. Reasons for non-concurrence:
Chairman, Finance ommittee ~
County Council, County of Hawaii Date:
MTV os y~'
Harry Kim ~~y William T. Takaba
Mayor • ~ Director
Nancy E. Crawford
Deputy
~i~~i: os M~+
Michael N. Okumoto
Treasurer
County of Hawaii
DEPARTMENT OF FINANCE
TREASURY DIVISION
101 Pauahi Street, Suite No.S Hilo, Hawaii 96720-4252
(808) 961-8351 (808) 961-8330 (FAX)
July 23, 2003
Mr. Lincoln Ashida
Corporation Counsel
County of Hawaii
25 Aupuni Street
Hilo, Hawaii 96720
Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for
your review and concurrence a tabular summary (with supporting schedules) of the
net funded debt of the County of Hawaii as of June 30, 2003.
The attached tabular summary requires concurrence from both the Chairman of the
Finance Committee and the Corporation Counsel. If you concur with this summary,
please sign and return the original of this letter and keep the copy for your files. If
you disagree with any item, please indicate the item of disagreement and your
reasons therefor. After receiving your responses, I must transmit the summary and
your responses to the County Council for its action.
Thank you very much for your prompt attention to this matter. Please call me if you
have any questions.
'V4' _
William T. akaba
Director of Finance
Encl.
I one r/do not concur with the tabular summary of the net funded debt of the
~y^of Hawaii as of June 30, 2003. Reasons for non-concurrence:
V y" ~
Corporation Counsel
County of Hawaii Date: T ~ 3 0 ~
COUNTY OF HAWAII
Statement of Funded Debt
June 30, 2003
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 184,126,600
(Schedule A)
b. Special Assessment Bonds $ 6,115,000
(Schedule B)
c. Otherlndebtedness $ 1,084,435
(Schedule C)
d. State Revolving Fund Loans $ 31,680,293
(Schedule D)
Grand Total of Bonds Outstanding and Unpaid $ 223,006,328
2. Exclusions from Grand Total:
a. General Obligation Bonds maturing $ 9,929,100
in current fiscal year
(Schedule A)
b. Special Assessment Bonds $ 6,115,000
(Schedule B)
c. State Revolving Fund principal $ 2,182,922
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 15,737,700
Reimbursable by the County
Department of Water Supply
(Schedule E)
Total Exclusions $ 33,964,722
Net Funded Debt of the County of Hawaii $ 189,041,606
June 30, 2003
SUPPORTING SCHEDULES
Statement of Funded Debt as of
June 30, 2003
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount General Obligation
Outstanding Bonds Maturing in
June 30, 2003 Current FY
June 15, 1977 222,000 20,000
June 1, 1981 436,000 25,000
December 1, 1989 1,000,000 500,000
May 1, 1993 53,840,000 4,200,000
February 1, 1996 24,025,000 1,375,000
March 12, 1996 586,000 34,500
February 25, 1997 3,169,000 163,000
June 4, 1998 723,600 11,900
August 15, 1999 28,875,000 1,175,000
August 15, 1999 10,140,000 2,365,000
July 25, 2001 23,000,000 -
August 6, 2001 1,800,000 59,700
April 16, 2003 36,310,000 -
Total County General
Obligation Bonds 184,126,600 9,929,100
Schedule B
Special Assessment Bonds: Principal Amount
Outstanding
12/27/01 Kaloko Subdivision Refunding (17) 6,115,000
Schedule C
Other Indebtedness: Principal Amount
Outstanding
Kulaimano Elderly Housing
Project Mortgage (FmHA) 1,084,435
Schedule D
Principal Amount Principal Maturing
State Revolving Fund Loans: Outstanding in Current FY
Hilo WWT Phase II 7,229,463 645,293
Waiakea Houselots Sewer 262,033 23,389
Waiakea Mill Pond Sewer 799,704 64,061
Kealakehe Effluent Disposal 798,247 63,944
Alii Drive Interceptor A & B 2,030,249 158,615
Ainako Interceptor A & B 1,417,864 110,446
Alii Drive Interceptor C & D 2,594,913 184,107
Kalanianaole Collector Sewer 1,072,761 71,919
Waiaha Bay SPS 2,594,313 176,180
Alii Drive Interceptor E & F 1,604,888 102,362
Holualoa Sewer Pump Station 2,343,051 142,921
Paukaa Community Collector 1,854,502 96,384
Waiakea Houselots Phase II 4,418,460 225,829
Pahoehoe WWPS 2,659,845 117,472
31,680,293 2,182,922
Schedule E
General Obligation Bonds Reimburseable
by the County Department of Water Supply:
June 1, 1981 436,000
December 1, 1989 (Refunding) 1,000,000
May 1, 1993 6,635,000
June 4, 1998 723,600
July 15, 2001 8,000,000
16,794,600
Less Amount Already Excluded (1,056,900)
15,737,700