|
County of Hawaii
<br />Department of Water Supply
<br />(A component unit of the County of Hawaii, State of Hawaii)
<br />NOTES TO FINANCIAL STATEMENTS
<br />June 30, 2020 and 2019
<br />NOTE D - CAPITAL ASSETS (Continued)
<br />$ 303,062,991 $ (2,946,207) $(3,560,715) $ 296,556,069
<br />NOTE E - LONG-TERM OBLIGATIONS
<br />At June 30, 2020 and 2019, long-term debt consisted of the following:
<br />2020 2019
<br />Public improvement refunding bonds ($13,497,500 issued), 2016 Series B,
<br />payable to the County, interest at 3% to 5%, due in semiannual
<br />installments through 2026
<br />Public improvement refunding bonds ($6,353,750 issued), 2016 Series E,
<br />payable to the County, interest at 2% to 5%, due in semiannual
<br />installments through 2029
<br />Public improvement bonds ($6,107,099 issued), 2010 Series B, payable to
<br />the County, interest at 3.33% to 6.1 %, due in semiannual
<br />installments through 2030
<br />Public improvement refunding bonds ($5,752,612 issued), 2007 Series C,
<br />payable to the County, interest at 4% to 5%, due in semiannual
<br />installments through 2021
<br />Public improvement bonds ($147,000 issued), 2008 Series A, payable to
<br />the County, interest at 4.125%, due in semiannual
<br />installments through 2043
<br />Public improvement refunding bonds ($1,111,221 issued), 2017 Series C,
<br />payable to the County, interest at 4% to 5%, paid off in 2020
<br />Balance carried forward
<br />26
<br />$ 10,070,000 $ 11,257,500
<br />6,353,750 6,353,750
<br />4,403,750 4,730,000
<br />1,250,341 1,250,341
<br />120,792 123,915
<br />-- 568,653
<br />$ 22,198,633 $ 24,284,159
<br />Balance
<br />Retirements/
<br />Balance
<br />July 1, 2018
<br />Additions
<br />Transfers
<br />June 30, 2019
<br />Utility plant in service
<br />$ 504,994,061
<br />$ 5,379,172
<br />$ (2,347,130)
<br />$ 508,026,103
<br />Less: Accumulated depreciation
<br />(248,865,070)
<br />(15,274,501)
<br />2,018,453
<br />(262,121,118)
<br />256,128,991
<br />(9,895,329)
<br />(328,677)
<br />245,904,985
<br />Land and rights
<br />5,194,398
<br />10,200
<br />--
<br />5,204,598
<br />Preliminary survey and
<br />investigation charges
<br />5,840,355
<br />367,426
<br />(67,383)
<br />6,140,398
<br />Construction work in progress
<br />35,899,247
<br />6,571,496
<br />(3,164,655)
<br />39,306,088
<br />$ 303,062,991 $ (2,946,207) $(3,560,715) $ 296,556,069
<br />NOTE E - LONG-TERM OBLIGATIONS
<br />At June 30, 2020 and 2019, long-term debt consisted of the following:
<br />2020 2019
<br />Public improvement refunding bonds ($13,497,500 issued), 2016 Series B,
<br />payable to the County, interest at 3% to 5%, due in semiannual
<br />installments through 2026
<br />Public improvement refunding bonds ($6,353,750 issued), 2016 Series E,
<br />payable to the County, interest at 2% to 5%, due in semiannual
<br />installments through 2029
<br />Public improvement bonds ($6,107,099 issued), 2010 Series B, payable to
<br />the County, interest at 3.33% to 6.1 %, due in semiannual
<br />installments through 2030
<br />Public improvement refunding bonds ($5,752,612 issued), 2007 Series C,
<br />payable to the County, interest at 4% to 5%, due in semiannual
<br />installments through 2021
<br />Public improvement bonds ($147,000 issued), 2008 Series A, payable to
<br />the County, interest at 4.125%, due in semiannual
<br />installments through 2043
<br />Public improvement refunding bonds ($1,111,221 issued), 2017 Series C,
<br />payable to the County, interest at 4% to 5%, paid off in 2020
<br />Balance carried forward
<br />26
<br />$ 10,070,000 $ 11,257,500
<br />6,353,750 6,353,750
<br />4,403,750 4,730,000
<br />1,250,341 1,250,341
<br />120,792 123,915
<br />-- 568,653
<br />$ 22,198,633 $ 24,284,159
<br />
|