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Home My WebLink AboutCOM 1020.000 2018-2020Harry Kim Mayor County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808) 961-8569 (FAX) July 23, 2020 The Honorable Aaron Chung, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Chung: Deanna S. Sako Director Steven A. Hunt Deputy Director Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawaii as of June 30, 2020. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Deanna S. Sako Director of Finance Encls. County of Hawai'i is an Equal Opportunity Provider and Employer. Comm. No. 102.0 Ref. To; Fc.-- R9f. JUL 2 4 2020 Harry Kim Mayor July 20, 2020 County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8234 9 (808) 961-8569 (FAX) Councilmember Maile David Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Deanna S. Sako Director Steven A. Hunt Deputy Director Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2020. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Deanna S. Sako Director of Finance Encl. d-rzffi- not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2020. Reasons for non -concurrence: r Chairwoman, Finance Committee County Council, County of Hawaii Date: County of Hawai'i is an Equal Opportunity Provider and Employer. Harry Kim Mayor July 20, 2020 County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808) 961-8569 (FAX) Mr. Joseph K. Kamelamela Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 Hilo, Hawaii 96720 Deanna S. Sako Director Steven A. Hunt Deputy Director Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2020. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this summary, please sign and return the original of this letter and keep the copy for your files. If you disagree with any item, please indicate the item of disagreement and your reasons therefore. After receiving your responses, I shall transmit the summary and your responses to the County Council for its action. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. Deanna S. Sako Director of Finance Encl. I co 5�_/do not concur with the tabular summary of the net funded debt of the County of Hawai i s of June 30, 2020. Reasons for non -concurrence: Date: t Corpor unsel Co Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June '30, 2020 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds (Schedule A) b. State Revolving Fund Loans (Schedule B) c Other Indebtedness (Schedule E) Grand Total of Debt Outstanding & Unpaid 2. Exclusions from Grand Total: $ 411,877,707 $ 379367,713 $ 119,273 a. General Obligation Bonds maturing $ 57,772,551 in fiscal year 2020-21 (Schedule A) b. State Revolving Fund principal maturing $ 21787,701 in fiscal year 2020-21 (Schedule B) C. General Obligation Bonds $ 19,488,743 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 11774,798 Reimbursable by I D#18 & ID#19 property owners (Schedule D) Total Exclusions Net Funded Debt of the County of Hawaii June 30, 2020 $ 4499364,693 $ 81, 823, 793 $ 367,540,900 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2020 (Based on Records in Finance Department) Sr_hPrl i din A County General Obligation Bonds/Notes: Date of Issue January 30, 2007 April 28, 2008 July 28, 2010 February 12, 2013 September 19, 2013 February 18, 2016 July 6, 2017 * February 19, 2019 Total County General Obligation Bonds * Notes Payable Schedule B State Revolving Fund Loans: Principal Amount Outstanding June 30, 2020 General Obligation Bonds Maturing for FY 2020-21 3,595,000 1,7559000 120,792 3,251 179615,000 113659000 22,200,000 6,625,000 1,056,915 24,300 2099320,000 159035,000 127,970,000 21965,000 30,0009000 30,0009000 $ 411,877,707 Principal Amount Outstanding $ 57,7729551 Principal Maturing for FY 2020-21 HI Cty Cesspool Conversion $ 2,921,731 $ 443,418 Queen Liliuokalani LCC Repl 5,043,311 493,161 Honokaa LCC Repl 21148,727 181,988 Kalanianaole AISR-Phase II 4,786,949 357,334 Kealakehe WTPAUSRP 13,262,176 868,898 North Kona Sewer and Effluent Reuse 11536,653 80,046 Kealakehe WTP R-1 Upgrade 11748,130 86,458 South Hilo Sanitary Landfill Final Closure 622,113 29,046 Kealakehe Scrap Metal Yard Remediation 51297,923 247,352 $ 37, 367, 713 $ 21787,701 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2020 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Jan. 30, 2007 11250,341 April 28, 2008 120,792 July 28, 2010 41403,750 February 18, 2016 16,423,750 22,198,633 Less Amount Already Excluded in item 2a (21709,890) $ 19,488,743 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 8307200 Less Amount Already Excluded in item 2a (88,017) 742,183 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 11056,915 Less Amount Already Excluded in item 2a (24,300) 1,032,615 Total Reimbursable by Improvement Districts $ 11774,798 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 119,273 *Hawai'i Housing Finance And Development Corporation