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William P. Kenoi +t V , OF j" Nancy E. Crawford Mayor Director Deanna S. Sako ' Deputy Director of • M► ar County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961 -8517 • (808) 961 -8569 (FAX) March 10, 2011 Councilperson Brenda Ford Chairperson, Finance Committee County Council County of Hawai'i Hilo, Hawai'i 96720 Section 47C -3, Hawai'i Revised Statutes, requires that a supplemental summary of the indebtedness of the County be prepared as of a date within 30 days of the delivery of a new bond issue. The enclosed summary as of March 10, 2011 is submitted for your review and concurrence. The closing of $10,000,000 in bond anticipation notes on March 2, 2011 requires preparation of this report. The attached tabular summary requires concurrence from both the Chairperson 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 therefore. After receiving your responses, I shall 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. lk�o P ,,,Nancy E. Crawford Director of Finance Encl. I oncu /do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of March 10, 2011. Reasons for non - concurrence: Chairman, Fina ce Committee County Council, County of Hawaii Date: County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250 -9410 Or call (202) 720 -5964 (Voice and TDD)