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Capital Assets
<br />(net of depreciation)
<br />it Tc P, Mi. 2 $ 17 ?_Uj;L2ftL�,
<br />Additional information on the County's capital assets can be found in note 6 to the basic financial
<br />statements.
<br />Long-term debt. Long-term debt is primarily comprised of bonds of $338.5 million, State
<br />Revolving Fund loans of $32.6 million and Bond Anticipation Notes of $59.8 million. At the end
<br />of the current fiscal year, the County had total bonded debt outstanding of $338,5 million. This
<br />entire amount was comprised of general obligation bonds which are backed by the full faith and
<br />credit of the County.
<br />The County's total bonded debt decreased by $18.1 million (5 percent) during the current fiscal
<br />year due to the regularly scheduled principal payments.
<br />At the end of the fiscal year, the County held an "AA+" rating from Fitch and an "Aa2" rating
<br />from Moody's for general obligation debt.
<br />State statutes limit the amount of general obligation debt the County may issue up to 15 percent
<br />of the total assessed value of all county real property as established for tax purposes on the last
<br />tax assessment rolls. The current debt limitation for the County is $4.3 billion, which is in excess
<br />of the County's outstanding general obligation debt. Currently the County's outstanding debt
<br />represents 9 percent of our debt limitation.
<br />Additional information on the County's long-term debt can be found in note 10 to the basic
<br />financial statements.
<br />The unemployment rate for the County for the current fiscal year is at approximately 34
<br />percent, which represents a percentage point decline from last year's rate for the same
<br />period of 4.0 percent, a two percent decline from two years ago and an even larger
<br />decline from the high of 11.0 percent in 2011,
<br />0 The number of domestic and international visitors to the County for the current fiscal
<br />year was approximately 1.65 million, with an approximately 9 percent increase from tile
<br />previous year's count of 1.51 million, For tile most part, the County is less dependent on
<br />tourism than the other islands in the State, but the Kona airport terminal modernization
<br />project is budgeted at $60-70 million.
<br />Primary Government
<br />Governmental Activities
<br />_Business -type Activities
<br />Total
<br />2017
<br />2016
<br />2017
<br />2M
<br />2_Q 17
<br />201
<br />Land and improvements
<br />$ 239,187,891
<br />$ 233,498,340
<br />$ 753,877
<br />$ 753,877
<br />$ 239,941,768
<br />$ 234,252,217
<br />Infrastructure assets
<br />328,917,985
<br />307,227,977
<br />-
<br />-
<br />328,917,985
<br />307,227,977
<br />Ground and site improvements
<br />-
<br />-
<br />57,893
<br />62,240
<br />57,893
<br />62,240
<br />Buildings and improvements
<br />597,987,986
<br />504,617,544
<br />610,498
<br />646,540
<br />598,598,484
<br />505264,084
<br />Easements
<br />4,244,255
<br />4,170,517
<br />-
<br />-
<br />4,244,255
<br />4,170,517
<br />Equipment
<br />60,190,776
<br />59,910,752
<br />26,673
<br />32,396
<br />60,217,449
<br />59,943,148
<br />Construction work in progress
<br />71,118,202
<br />124,212,163
<br />_1
<br />-T-1,495,053
<br />71,118,202
<br />124,212,163
<br />Total
<br />$1,233,637,293
<br />1,44-8,941
<br />$1,303,096,036
<br />$1,235,132,346
<br />Additional information on the County's capital assets can be found in note 6 to the basic financial
<br />statements.
<br />Long-term debt. Long-term debt is primarily comprised of bonds of $338.5 million, State
<br />Revolving Fund loans of $32.6 million and Bond Anticipation Notes of $59.8 million. At the end
<br />of the current fiscal year, the County had total bonded debt outstanding of $338,5 million. This
<br />entire amount was comprised of general obligation bonds which are backed by the full faith and
<br />credit of the County.
<br />The County's total bonded debt decreased by $18.1 million (5 percent) during the current fiscal
<br />year due to the regularly scheduled principal payments.
<br />At the end of the fiscal year, the County held an "AA+" rating from Fitch and an "Aa2" rating
<br />from Moody's for general obligation debt.
<br />State statutes limit the amount of general obligation debt the County may issue up to 15 percent
<br />of the total assessed value of all county real property as established for tax purposes on the last
<br />tax assessment rolls. The current debt limitation for the County is $4.3 billion, which is in excess
<br />of the County's outstanding general obligation debt. Currently the County's outstanding debt
<br />represents 9 percent of our debt limitation.
<br />Additional information on the County's long-term debt can be found in note 10 to the basic
<br />financial statements.
<br />The unemployment rate for the County for the current fiscal year is at approximately 34
<br />percent, which represents a percentage point decline from last year's rate for the same
<br />period of 4.0 percent, a two percent decline from two years ago and an even larger
<br />decline from the high of 11.0 percent in 2011,
<br />0 The number of domestic and international visitors to the County for the current fiscal
<br />year was approximately 1.65 million, with an approximately 9 percent increase from tile
<br />previous year's count of 1.51 million, For tile most part, the County is less dependent on
<br />tourism than the other islands in the State, but the Kona airport terminal modernization
<br />project is budgeted at $60-70 million.
<br />
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