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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2005
<br /> The loans bear interest at 2.06%to 3.02%,exclusive of a 1.00%loan fee,and require
<br /> payments through fiscal year 2025. Debt service to maturity for disbursements to date on
<br /> these projects are as follows:
<br /> Governmental Activities
<br /> Fiscal year ending June 30: Principal Interest
<br /> 2006 $2,372,328 $1,013,579
<br /> 2007 2,421,420 959,150
<br /> 2008 2,483,831 891,327
<br /> 2009 2,547,994 821,614
<br /> 2010 2,613,720 750,194
<br /> 2011-2015 11,931,117 2,442,385
<br /> 2016-2020 3,813,445 453,652
<br /> 2021—2025 576,649 37,404
<br /> Total 28.760.504 305
<br /> Other General Long-term Obligations
<br /> The following is a summary of other general long-term obligations transactions for the fiscal
<br /> year ended June 30,2005:
<br /> Balance; Deductions Balance Due within
<br /> June 30,2004 Additions &Payments June 30,2005 one year
<br /> Governmental activities:
<br /> Compensated absences $20,942,288 $9,518,036 ($7,887,069) $22,573,255 $5,783,235
<br /> Claims and judgments
<br /> (see Note 12) 20,029,000 11,433,825 (4,860,536) 26,602,289 5,270,695
<br /> Capital lease obligations
<br /> (see Note 8) 3,547,085 1,368,928 (1,273,085) 3,642,928 1,118,589
<br /> Landfill closure costs
<br /> (see Note 9) 21,515,000 487,000 (160,000) 21,842,000 149,610
<br /> Total 0 3 373 22.807.789 ($14.180.6901 74.660.472 12.322.129
<br /> Fund Balances-Debt Service Funds
<br /> The fund balance in the debt service funds at June 30,2005 includes$14,429,594 which is
<br /> available for principal payments on general obligation bonds and$612,164 which is reserved
<br /> for the payment of interest on the bonds.
<br /> Enterprise Fund Notes Payable
<br /> The Kulaimano Elderly Housing Project is indebted to the U.S.Department of Agriculture,
<br /> Farmers Home Administration on two notes payable with balances aggregating$1,041,285 at
<br /> June 30,2005. The notes,which mature in September 2029,are repayable in monthly
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