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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2006
<br /> Governmental Activities
<br /> Fiscal year ending June 30: Principal lntere
<br /> 2007 $2,421,512 $ 959,624
<br /> 2008 2,484,118 892,169
<br /> 2009 2,548,288 822,447
<br /> 2010 2,614,021 751,017
<br /> 2011 2,681,503 677,695
<br /> 2012-2016 10,567,593 1,967,264
<br /> 2017-2021 2,769,983 279,891
<br /> 2022—2025 326,324 _ 22,245
<br /> Total s 5633
<br /> Other General Long-term Obligations
<br /> The following is a summary of other general longterm obligations transactions for the fiscal
<br /> year ended June 30,2006:
<br /> Balance Deductions Balance Due within
<br /> June 30.2005 Additions &Payments June 30,2006 on_a year
<br /> Governmental activities:
<br /> Compensated absences $22,573,255 $9,244,154 ($7,751,029) $24,066,380 $6,062,248
<br /> Claims and judgments
<br /> (see Note 12) 26,602,289 52,510 (5,314,406) 21,340,393 4,088,755
<br /> Capital lease obligations
<br /> (see Note 8) 3,642,928 403,505 (1,181,918) 2,864,515 1,060,724
<br /> Landfill closure costs
<br /> (see Note 9) 21,842.000 (3,179,000) _18,663.000 148.699
<br /> Total $74.660.472 $9"700.169 ($17.426.353) S66,214,288 $11
<br /> Fund Balances -Debt Service Funds
<br /> The fund balance in the debt service funds at June 30,2006 includes$16,497,554 which is
<br /> available for principal payments on general obligation bonds and$286,153 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$1,019,386 at
<br /> June 30,2006. The notes,which mature in September 2029,are repayable in monthly
<br /> installments of$7,826 including interest and are collateralized by substantially all of the
<br /> project's property and equipment. Although the stated annual rate of interest on the notes is
<br /> 9%,such rate is reduced to 7%for as long as the Project has a U.S.Department of Housing
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