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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2005
<br /> Long-term Debt
<br /> The County has issued general obligation bonds on behalf of the Department. The
<br /> Department is responsible for the payment of the debt service on these bonds,but the County
<br /> remains liable because they are general obligations of the County. The Department has
<br /> recorded a liability for these general obligation bonds,which amounted to$14,657,708
<br /> at June 30,2005.
<br /> General obligation bonds payable issued on behalf of the Department and other long-term
<br /> debt at June 30,2005 are comprised of the following:
<br /> Public improvement bonds:
<br /> 1993 Series A at 5.05%to 5,6%,due through 2013 $5,570,000
<br /> 1998 Series A at 4.5%,due through 2033 699,300
<br /> 2001 Series A at 4.0%to 5.5%,due through 2021 7,704,348
<br /> 2004 Series D at 4.5%,due through 2039 259,200
<br /> Total public improvement:bonds 14,232,848
<br /> Public improvement refunding bonds:
<br /> 2004 Series at 5.0%,due through 2015 424,860
<br /> State revolving fund loan, interest at 1.01%to 1.37%,
<br /> due through 2022 2,905,354
<br /> Total 17.563.062
<br /> At June 30,2005,future principal payments for long-term debt are scheduled as follows:
<br /> Fiscal year ending June 30:
<br /> 2006 $ 1,091,000
<br /> 2007 1,142,000
<br /> 2008 1,195,000
<br /> 2009 1,241,000
<br /> 2010 1,311,000
<br /> 2011 -2015 5,665,000
<br /> 2016-2020 3,765,000
<br /> 2021 —2025 1,707,000
<br /> 2026—2030 215,000
<br /> 2031 —2035 177,000
<br /> 2036—2039 54,062
<br /> Total 17.563.062
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