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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2007
<br /> General obligation bonds payable issued on behalf of the Department and other long-term
<br /> debt at June 30,2007 are comprised of the following:
<br /> Public improvement bonds:
<br /> 1993 Series A at 5.05%to 5.6%,due through 2013 $4,395,000
<br /> 1998 Series A at 4.5%,due through 2033 672,800
<br /> 2001 Series A at 4.0%to 5.5%,due through 2010 1,080,000
<br /> 2004 Series D at 4.5%,due through 2039 255,832
<br /> 2006 Series A at 4.0%to 5.0%,due through 2026 24,242,500
<br /> Total public improvement bonds 30,646,132
<br /> Public improvement refunding bonds:
<br /> 2004 Series at 5.0%,due through 2015 309,624
<br /> 2007 Series at 4.0%to 5.0%,due through 2021 5,752,612
<br /> Total public improvement refunding bonds 6,062,236
<br /> State revolving fund loan,interest at 0.41%to 1.37%,
<br /> due through 2027 5,599,767
<br /> Total 42.308.13 5
<br /> At June 30,2007,future principal payments for long-term debt are scheduled as follows:
<br /> Fiscal year ending June 30:
<br /> 2008 $ 2,200,000
<br /> 2009 2,282,000
<br /> 2010 2,388,000
<br /> 2011 2,528,000
<br /> 2012 2,637,000
<br /> 2013-2017 11,070,000
<br /> 2018-2022 11,540,000
<br /> 2023—2027 7,308,000
<br /> 2028—2032 233,000
<br /> 2033—2037 100,000
<br /> 2038—2039 22,135
<br /> Total 42.308.135
<br /> Contributions in Aid of Construction
<br /> Effective July 1,2000,the Department adopted GASB Statement No.33,Accounting and
<br /> Financial Reporting for Nonexchange Transactions,which requires the Department to
<br /> recognize contributions in aid of construction as nonoperating revenues. Contributions in aid
<br /> of construction were previously recognized as contributed capital. The Department
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