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COUNTY OF HAWAII <br /> Notes to the Basic Financial Statements <br /> June 30,2005 <br /> The following is a summary of the annual maturities for the improvement district general <br /> obligation bonds: <br /> Year ending June 30: Principal Interest <br /> 2006 $ -- $ 88,931 <br /> 2007 82,556 176,239 <br /> 2008 85,802 172,927 <br /> 2009 89,181 169,478 <br /> 2010 92,699 165,888 <br /> 2011 -2015 346,986 780,462 <br /> 2016-2020 384,7.37 699,770 <br /> 2021 —2025 483,013 599,204 <br /> 2026—2030 606,428 472,912 <br /> 2031—2035 761,424 314,302 <br /> 2036—2040 954,667 115,128 <br /> Total $3,887,491 241 <br /> 11. COMMITMENTS AND CONTINGENCIES <br /> Contractual commitments— Contractual commitments for capital projects,expenses,and <br /> supplies at June 30,2005,except in the enterprise funds,are reflected in the balance sheets as <br /> fund balance reserved for encumbrances. Contractual commitments for the enterprise funds <br /> were immaterial. <br /> Intergovernmental revenues— The County has received federal and state grants for specific <br /> purposes that are subject to review and audit by grantor agencies. Such audits could lead to <br /> requests for reimbursement to the grantor agency for expenditures disallowed under terms of <br /> the grant. In the opinion of management of the County,disallowed costs,if any,would not be <br /> material. <br /> Claims— Numerous claims and lawsuits have been filed against the County in the normal <br /> course of its operations. A liability for probable losses is included on the government-wide <br /> statement of net assets(see Note 12). Although the outcome of the various claims and <br /> lawsuits is not presently determinable,in the opinion of the County's attorneys,the resolution <br /> of such matters will not have a material adverse affect on the financial condition of the <br /> County. <br /> ADA compliance—The County has entered into two stipulated agreements approved by the <br /> federal court to implement provisions of the Americans with Disabilities Act(ADA). With <br /> respect to the first stipulated agreernent relating to curb cuts,the County,with the help of a <br /> consultant, surveyed 669 intersections,then ranked them in order of priority. A transition <br /> - 72 - <br />