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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2006
<br /> Protection Agency's financial assurance rules include a local government financial test
<br /> consisting of a financial component,a public notice component,and a recordkeeping
<br /> component. Local goverments are required to satisfy each of the three components to pass
<br /> the annual test. Management believes that the County has satisfied each of the components of
<br /> the local government 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 /> 2006:
<br /> Bonds Issue Bond Balance Bond Balance Due within
<br /> Author AAm u June 30,2005 Issues Retirements June 30,2006 one year
<br /> 1993 Ref&Pl $86,770,000 $39,655,000 $ S 4,090,000 $35,565,000 $ 4,295,000
<br /> 1996 Series A 30,000,000 1,505,000 1,505,000 — —
<br /> 1999 Series A 30,000,000 26,460,000 1,300,000 25,160,000 1,375,000
<br /> 1999 Refunding 18,940,000 5,300,000 2,590,000 2,710,000 2,710,000
<br /> 2001 Series 23,000,000 14,445,652 573,913 13,871,739 596,739
<br /> 2003 Series A 36,310,000 36,310,000 — - 36,310,000 1,440,000
<br /> 2004 Series A 30,000,000 30,000,000 30,000,000 —
<br /> 2004 Ref Series B 19,545,000 19,545,000 — - 19,545,000 1,600,000
<br /> 2004 Ref Series C 5,050,140 5,050,140 — 447,364 4,602,776 456,588
<br /> 2004 PI Series A 2,776,400 2,776,400 -- 2,776,400 34,317
<br /> 2004 PI Series 8 920,000 920,000 - — 920,000 12,246
<br /> 2004 PI Series C 191,093 191,093 -- — 191,093 35,993
<br /> 2006 Series A _25,DOO.004 25,000,000 25.000.000
<br /> 308,502,633 182,158,285 25,000,000 10,506,277 196,652,008 12,555,883
<br /> Add unamonized
<br /> premium 3,630,752 2,481,728 972,327 157,229 3,296,826 181,538
<br /> Less deferred amount
<br /> on refunding (1-294,002) (1,229,302) _ 12{ 9.400) 1 099 902 1�29,400O
<br /> 5310.839383 5183.410.711 5 977 7�7 1 54?06 5198.848,932
<br /> -66-
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