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William P. Kenoi <br />Mayor <br />July 1,2010 <br />Mr. Lincoln Ashida <br />Corporation Counsel <br />County of Hawaii <br />101 Aupuni Street, Suite 325 <br />Hilo, Hawaii 96720 <br />Pursuant to the provisions of Hawaii Revised Statutes (HRS), Section 47C -2, I submit for <br />your review and concurrence a tabular summary (with supporting schedules) of the net <br />funded debt of the County of Hawaii as of June 30, 2010. The tabular summary also <br />serves as a supplemental summary of indebtedness that is required by HRS, Section <br />47C -3 whenever new bonds or notes are issued. A $4 million bond anticipation note was <br />issued on June 3, 2010. An issuance of $60 million in bonds is scheduled to be closed on <br />July 28, 2010. <br />The attached tabular summary requires concurrence from both the Chairperson of the <br />Finance Committee and the Corporation Counsel. If you concur with this summary, <br />please sign and return the original of this letter and keep the copy for your files. If you <br />disagree with any item, please indicate the item of disagreement and your reasons <br />therefor. After receiving your responses, I must transmit the summary and your responses <br />to the County Council for its action. <br />Thank you very much for your prompt attention to this matter. Please call me if you have <br />any questions. <br />Nancy <br />Director <br />Encl. <br />Crawford <br />f Finance <br />Corporation Counsel <br />County of Hawaii <br />County of Hawai`i <br />DEPARTMENT OF FINANCE <br />25 Aupuni Street, Room 1102 • Hilo, Hawaii 96720 <br />(808) 933 -6240 • (808) 961 -8946 (FAX) <br />do not concur with the tabular summary of the net funded debt of the County of <br />Hawaii as of June 30, 2010. Reasons for non - concurrence: <br />Date: JUL - 1 2010 <br />County of Hawaii is an Equal Opportunity Provider and Employer Complaints of discrimination should be sent to <br />USDA, Director, Office of Civil Rights, Washington, DC 20250 -9410 Or call (202) 720 -5964 (Voice and TDD) <br />Nancy E. Crawford <br />Director <br />Deanna S. Sako <br />Deputy Director <br />