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COUNTY OF HAWAII <br /> Notes to the Basic Financial Statements <br /> June 30,2007 <br /> The following is a summary of bond transactions for Improvement District No. 18, <br /> Coastview/Wonderview Water Improvements,forthe fiscal year ended June 30,2007: <br /> Balance at June 30,2006 $3,887,493 <br /> Additions -- <br /> Deductions (82,556) <br /> Balance at June 30,2007 U_&4,M <br /> The following is a summary of the annual maturities for the improvement district general <br /> obligation bonds: <br /> Year ending June 30: Principal Interest <br /> 2008 $ 85,802 $ 172,927 <br /> 2009 89,181 169,479 <br /> 2010 92,699 165,889 <br /> 2011 96,362 162,149 <br /> 2012 58,449 158,883 <br /> 2013-2017 335,659 749,990 <br /> 2018-2022 421,386 662,267 <br /> 2023—2027 529,033 552,108 <br /> 2028—2032 664,223 413,766 <br /> 2033—2037 834,012 240,020 <br /> 2038—2040 598,131 42,593 <br /> Total 3.490.071 <br /> 11. COMMITMENTS AND CONTINGENCIES <br /> Contractual commitments— Contractual commitments for capital projects,expenses,and <br /> supplies at June 30,2007,except in the enterprise funds,are reflected in the balance sheets as <br /> fund balance reserved for encumbrances. Contractual commitments for the enterprise funds <br /> were immaterial. <br /> Intergovernmental revenues— The County has received federal and state grants for specific <br /> purposes that are subject to review and audit by grantor agencies. Such audits could lead to <br /> requests for reimbursement to the grantor agency for expenditures disallowed under terms of <br /> the grant. In the opinion of management of the County,disallowed costs,if any,would not be <br /> material. <br /> Claims— Numerous claims and lawsuits have been filed against the County in the normal <br /> course of its operations. A liability for probable losses is included on the government-wide <br /> statement of net assets(see Note 12). Although the outcome of the various claims and <br /> -71 - <br />