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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 E - LONG-TERM OBLIGATIONS (Continued)
<br />In prior years, the County issued the 2016 Series B and Series E refunding general obligation
<br />bonds, in which proceeds were placed in an escrow fund, to repay future debt service
<br />payments on the 2006 Series A and 2010 Series A general obligation bonds. The Department
<br />has a 50% and 25% proportionate share of the 2006 Series A and 2010 Series A general
<br />obligation bonds, respectively. As of June 30, 2020 and 2019, the Department's proportionate
<br />share of the outstanding balance of the unpaid defeased bonds amounted to $17,752,500 and
<br />$19,110,000, respectively. Accordingly, the assets of the irrevocable trust and the liability of
<br />the defeased bonds are not included on the Department's financial statements.
<br />NOTE F - OTHER LONG-TERM OBLIGATIONS
<br />The following is a summary of other long-term obligations transactions for the fiscal years
<br />ended June 30, 2020 and 2019:
<br />29
<br />Balance
<br />Deductions
<br />Balance
<br />Due Within
<br />July 1, 2019
<br />Additions
<br />and Payments
<br />June 30, 2020
<br />One Year
<br />Accrued workers'
<br />compensation
<br />$ 779,000
<br />$
<br />29,049
<br />$ (148,049)
<br />$ 660,000
<br />$
<br />147,642
<br />Accrued vacation
<br />1,707,675
<br />809,821
<br />(707,604)
<br />1,809,892
<br />524,869
<br />Customers' deposits
<br />15,886,536
<br />811,312
<br />(602,215)
<br />16,095,633
<br />230,525
<br />Total
<br />$ 18,373,211
<br />$
<br />1,650,182
<br />$ (1,457,868)
<br />$ 18,565,525
<br />$
<br />903,036
<br />Balance
<br />Deductions
<br />Balance
<br />Due Within
<br />July 1, 2018
<br />Additions
<br />and Payments
<br />June 30, 2019
<br />One Year
<br />Accrued workers'
<br />compensation
<br />$ 684,000
<br />$
<br />313,516
<br />$ (218,516)
<br />$ 779,000
<br />$
<br />174,262
<br />Accrued vacation
<br />1,690,652
<br />813,635
<br />(796,612)
<br />1,707,675
<br />563,533
<br />Customer deposits
<br />17,573,972
<br />730,635
<br />(2,418,071)
<br />15,886,536
<br />200,460
<br />Total
<br />$ 19,948,624
<br />$
<br />1,857,786
<br />$ (3,433,199)
<br />$ 18,373,211
<br />$
<br />938,255
<br />29
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