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COUNTY OF HAWAII Notes to the Basic Financial Statements June 30,2006 The following is a summary of the annual maturities for the improvement district general obligation bonds: Year ending June 30: Principal Interest 2007 S 82,556 $ 176,239 2008 85,802 172,927 2009 89,181 169,479 2010 92,699 165,888 2011 96,361 162,150 2012-2016 320,736 765,263 2017-2021 402,641 681,446 2022—2026 505,501 576,194 2027—2031 634,669 444,014 2032—2036 796,891 278,006 2037—2040 780.456 74,704 Totals �3 11. COMMITMENTS AND CONTINGENCIES Contractual commitments— Contractual commitments for capital projects,expenses,and supplies at June 30,2006,except in the enterprise funds,are reflected in the balance sheets as fund balance reserved for encumbrances. Contractual commitments for the enterprise funds were immaterial. Intergovernmental revenues— The County has received federal.and state grants for specific purposes that are subject to review and audit by grantor agencies. Such audits could lead to requests for reimbursement to the grantor agency for expenditures disallowed under terms of the grant. In the opinion of management of the County,disallowed costs,if any,would not be material. Claims— Numerous claims and lawsuits have been filed against the County in the normal course of its operations. A liability for probable losses is included on the government wide statement of net assets(see Note 12). Although the outcome of the various claims and lawsuits is not presently determinable,in the opinion of the County's Corporation Counsel, the resolution of such matters will not have a material adverse affect on the financial condition of the County. ADA compliance—The County has entered into two stipulated agreements approved by the federal court to implement provisions of the Americans with Disabilities Act(ADA). With respect to the first stipulated agreement relating to curb cuts,the County,with the help of a -72-