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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2005
<br /> remediation,closure or postclosure care. Accordingly,no liability for this landfill is included
<br /> in the County's financial statements.
<br /> Financial Assurance For fiscal year 2005,the County has provided for financial resources
<br /> that will be available to provide for closure,postclosure care and remediation or containment
<br /> of environmental hazards at the above landfills. The Environmental Protection Agency's
<br /> financial assurance rules include a local government financial test consisting of a financial
<br /> component,a public notice component,and a recordkeeping component. Local goverments
<br /> are required to satisfy each of the three components to pass the annual test. Management
<br /> believes that the County has satisfied each of the components of the local government
<br /> financial assurance requirements.
<br /> 10. LONG-TERM DEBT
<br /> General Obligation Bonds
<br /> The County issues general obligation bonds to provide funds for the acquisition and
<br /> construction of major capital facilities. These bonds have been issued by the County for the
<br /> primary government,component unit activities(see Note 14)and an improvement district.
<br /> The following is a summary of general obligation bond transactions reported in the
<br /> government-wide statement of net assets for the County for the fiscal year ended June 30,
<br /> 2005:
<br /> Bonds Issue Bond Balance Bond Balance Due within
<br /> Authorized Amount June 30,2004 Issues Retirements June 30,2005 one year
<br /> 1977 Series A $ 500,000 $ 202,000 $ $ 202,000 $ -- $
<br /> 1993 Ref&PI 86,770,000 43,525,000 3,870,000 39,655,000 4,090,000
<br /> 1996 Series A 30,000,000 22,650,000 21,145,000 1,505,000 1,505,000
<br /> 1997 Series A 4,000,000 3,006,000 3,006,000
<br /> 1999 Series A 30,000,000 27,700,000 1,240,000 26,460,000 1,300,000
<br /> 1999 Refunding 18,940,000 7,775,000 2,475,000 5,300,000 2,590,000
<br /> 2001 Series A 23,000,000 15,000,000 554,348 14,445,652 573,913
<br /> 2001 Series A PI 1,800,000 1,740,300 1,740,300
<br /> 2003 Series A 36,310,000 36,310,000 36,310,000
<br /> 2004 Series A 30,000,000 30,000,000 30,000,000
<br /> 2004 Ref Ser B 19,545,000 19,545,000 19,545,000
<br /> 2004 Ref Ser C 5,050,140 5,050,140 5,050,140 447,364
<br /> 2004 PI Ser A 2,776,400 2,776,400 2,776,400
<br /> 2004 PI Ser B 920,000 920,000 920,000
<br /> 2004 PI Ser C 191.093 191,093 191,093
<br /> 289,802,633 157,908,300 58,482,633 34,232,648 182,158,285 10,506,277
<br /> Add unamortized
<br /> premium 2,658,425 968,275 1,606,219 92,766 2,481,728 132,921
<br /> Less deferred amount
<br /> on refunding (1,294,0021 (1294.002) (64,700) (1.229302) (129.400)
<br /> $291,167.056 $158.876.575 $5$,794.850 34.260.714 $183 410 711 $10 509 798
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