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COUNTY OF HAWAII
<br /> Notes to the Basic Financial Statements
<br /> June 30,2007
<br /> The loans bear interest at 0.50%to 3.02%,exclusive of a 1.00%loan fee for all loans except
<br /> for the Hawaii County Cesspool Conversion Project which is subject to a 0.25%loan fee,and
<br /> require payments through fiscal year 2027. Debt service to maturity for disbursements to date
<br /> on these projects are as follows:
<br /> Governmental Activities
<br /> Fiscal year ending June 30: Principal Interest
<br /> 2008 $2,786,605 $ 942,190
<br /> 2009 2,856,028 866,454
<br /> 2010 2,923,237 792,777
<br /> 2011 2,992,267 717,132
<br /> 2012 3,062,984 639,648
<br /> 2013-2017 10,199,622 1,625,292
<br /> 2018-2022 3,688,237 269,653
<br /> 2023—2027 1,737,771 40,345
<br /> Total 30.246.751 4 1
<br /> Other General Long-Term Obligations
<br /> The following is a summary of other general long-term obligations transactions for the fiscal
<br /> year ended June 30,2007:
<br /> Balance Deductions Balance Due within
<br /> June 30,2006 Additions &Payments June 30,2007 one ye
<br /> Governmental activities:
<br /> Compensated absences $24,066,380 $11,071,723 ($9,389,945) $25,748,158 $6,606,708
<br /> Claims and judgments
<br /> (see Note 12) 21,340,393 1,495,883 (4,527,984) 18,308,292 3,282,252
<br /> Capital lease obligations
<br /> (see Note 8) 2,864,515 2,402,731 (1,181,511) 4,085,735 1,418,078
<br /> Landfill closure costs
<br /> (see Note 9) 18.663,000 2,806,000 (228,000) 21,241,000 183,103
<br /> Total 66.934.288 $17,776.337 015.327.440) 69.383.185 11.490.141
<br /> Fund Balances-Debt Service Funds
<br /> The fund balance in the debt service funds at June 30,2007 includes$16,990,625,which is
<br /> available for principal payments on general obligation bonds and$1,770,527,which is
<br /> reserved for the payment of interest on the bonds.
<br /> Enterprise Fund Notes Payable
<br /> The Kulaimano Elderly Housing Project(Project)is indebted to the U.S.Department of
<br /> Agriculture, Farmers Home Administration on two notes payable with balances aggregating
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