HomeMy WebLinkAboutCOM 0026.000 2020-2022Harry Kim
Mayor
November 13, 2020
County of. Hawaii
DEPARTMENT OF FINANCE
25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720
(808) 961-8234 9 (808) 961-8569 (FAX)
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
In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the
enclosed supplemental summary of indebtedness of the County of Hawaii as of
November 4, 2020 is correct. The issuance of $77,135,000 in general
obligation bonds on November 4, 2020 requires preparation of this report.
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.
2�
Ref -TO: �n�0
Ref. DaJP 'r
COUNTY OF HAWAII
Statement of Funded Debt
November 4, 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:
$ 445,129,407
$ 37,735,229
$ 111,023
a. General Obligation Bonds maturing $ 25,388,251
in fiscal year 2020-21
(Schedule A)
b. State Revolving Fund principal maturing $ 1,479,182
in fiscal year 2020-21
(Schedule B)
C. General Obligation Bonds $ 18,831,243
Reimbursable by the County
Department of Water Supply
(Schedule C)
d. General Obligation Bonds $ 4,211,798
Reimbursable by ID#18, ID#19 & ID#20
property owners
(Schedule D)
Total Exclusions
Net Funded Debt of the County of Hawaii
November 4, 2020.
$ 482,975,659
$ 49,910,474
.$ 433,065,185
County General Obligation
Bonds/Notes:
Date of Issue
SUPPORTING SCHEDULES
Statement of Funded Debt as of
November 4, 2020
(Based on Records in Finance Department)
Principal Amount
Outstanding
November 4, 2020
January 30, 2007
1,840,000
April 28, 2008
120,792
February 12, 2013
15,575,000
September 19, 2013
1,032,615
February 18, 2016 -
194,285,000
July 6, 2017
125,005,000
February 19, 20191
24,000,000
September 29, 2020 B
3,699,000
September 29, 2020 A
2,437,000
November 4, 2020
77,135,000
Total County General
Obligation Bonds
1 Notes Payable
c+_i-_r..i_ n
State Revolving Fund Loans:
HI Cty Cesspool Conversion
Queen Liliuokalani LCC Repl
Honokaa LCC Repl
Kalanianaole AISR-Phase II
Kealakehe WTPAUSRP
North Kona Sewer and Effluent Reuse
Kealakehe WTP R-1 Upgrade
South Hilo Sanitary Landfill Final Closure
Kealakehe Scrap Metal Yard Remediation
$ 445,129,407
Principal Amount
Outstanding
$
2,700,351
4,796,970
2,057,817
4,608,440
12,828,029
1,496,705
1,748,130
2,324,232
5,174,555
General Obligation
Bonds Maturing for
the remainder of
FY 2020-21
3,251
24,000,000
1,385,000
$ 25,388,251
Principal Maturing
for the remainder of
FY 2020-21
$
222,039
246,820
91,078-
178,824
434,751
40,098
86,458
55,129
123,985
$ 37,735,229 $ 1,479,182
SUPPORTING SCHEDULES
Statement of Funded Debt as of
November 4, 2020
(Based on Records in Finance Department)
Schedule C
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
Jan. 30, 2007 $ 639,952
April 28, 2008 $ 120,792
February 18, 2016 $ 14,668,750
November 4, 2020 $ 3,751,250
Less Amount Already Excluded in item 2a
0r_hArli ilA n
General Obligation Bonds Reimbursable by ID#18
Kona Coastview & Wonderview Subdivision lot owners.
Less Amount Already Excluded in item 2a
Public Improvement Bonds Reimbursable by ID#19
Kona Ocean -View Properties Subdivision lot owners.
Less Amount Already Excluded in item 2a
Public Improvement Bonds Reimbursable by ID#20
Lono Kona Subdivision lot owners.
Less Amount Already Excluded in item 2a
Total Reimbursable by Improvement Districts
Schedule E
Other Indebtedness
Office of Housing & Community Development
Ouli Ekahi Housing Project (OEHP)
*HHFDC Loan
*Hawai'i Housing Finance And Development Corporation
19,180, 744
(349,501)
$ 18,831,243
Principal Amount
Outstanding
$ 742,183
742,183
1,032,615
1,032,615
2,437,000
2,437,000
$ 4,211,798
Principal Amount
Outstanding
$ 111,023
Harry Kim
Mayor
November 9, 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
Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the
indebtedness of the County be prepared as of a date within 30 days of the delivery of a
new note/bond issue. The enclosed summary as of November 4, 2020 is submitted for
your review and concurrence. The issuance of $77,135,000 in general obligation bonds on
November 4, 2020 requires preparation of this report.
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 a 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 one / cxr with the tabular summary of the net funded debt of the County of
Hawaii as of November 4, 2020. Reasons for non -concurrence:
Corpora ' ounsel
County of Hawaii
Date: i ) I C1 l -2,c-)
County of Hawaii is an Equal Opportunity Provider and Employer.
Harry Kim
Mayor
November 9, 2020
County of Hawaii
DEPARTMENT OF FINANCE
25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720
(808) 961-8234 e (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
Section 47C-3, Hawaii Revised Statutes, requires that ar supplemental summary of the
indebtedness of the County be prepared as of a date within 30 days of the delivery of a
new note/bond issue. The enclosed summary as of November 4, 2020 is submitted for
your review and concurrence. The issuance of $77,135,000 in general obligation bonds on
November 4, 2020 requires preparation of this report.
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 a 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.
(IiiOdo not concur with the tabular summary of the net funded debt of the County of
Hawai i as of November 4, 2020. Reasons for non -concurrence:
Date:
Chairwoma Fi ittee
County Council, County of Hawaii
County of Hawai'i is an Equal Opportunity Provider and Employer.
COUNTY OF HAWAII
Statement of Funded Debt
November 4, 2020
1. Total Principal Amount of County Debt
Outstanding and Unpaid:
a. County General Obligation Bonds
$ 445,129,407
(Schedule A)
b. State Revolving Fund Loans
$ 37,735,229
(Schedule B)
c Other Indebtedness
(Schedule E)
$ 111,023
Grand Total of Debt Outstanding & Unpaid
2. Exclusions from Grand Total:
a. General Obligation Bonds maturing
$ 25,388,251
in fiscal year 2020-21
(Schedule A)
b. State Revolving Fund principal maturing
$ 1,479,182
in fiscal year 2020-21
(Schedule B)
C. General Obligation Bonds
$ 18,831,243
Reimbursable by the County
Department of Water Supply
(Schedule C)
d. General Obligation Bonds
$ 4,211,798
Reimbursable by ID#18, ID#19 & ID#20
property owners
(Schedule D)
Total Exclusions
Net Funded Debt of the County of Hawaii
November 4, 2020
$ 482,975,659
$ 49,910,474
$ 433,065,185
SUPPORTING SCHEDULES
Statement of Funded Debt as of
November 4, 2020
(Based on Records in Finance Department)
Cf,k,mAi il0 4
County General Obligation
Bonds/Notes:
Date of Issue
January 30, 2007
April 28, 2008
February 12, 2013
September 19, 2013
February, 18, 2016
July 6, 2017
February 19, 20191
September 29, 2020 B
September 29, 2020 A
November 4, 2020
Total County General
Obligation Bonds
1 Notes Payable
Schedule B
State Revolving Fund Loans:
Principal Amount
Outstanding
November 4,-2020
General Obligation
Bonds Maturing for
the remainder of
FY 2020-21
1,840,000 -
120,792 3,251
15,575,000 -
1,032,615 -
194,285,000 -
125,005,000 -
24,000,000 24,000,000
3,699,000 -
2,437,000 -
77,135,000 1,385,000
$ 445,129,407
Principal Amount
Outstanding
$ 25,388,251
Principal Maturing
for the remainder of
FY 2020-21
HI Cty Cesspool Conversion $
2,700,351
$ 222,039
Queen Liliuokalani LCC Repl
4,796,970
246,820
Honokaa LCC Repl
2,057,817
91,078
Kalanianaole AISR-Phase II
4,608,440
178,824
Kealakehe WTPAUSRP
12,828,029
434,751
North Kona Sewer and Effluent Reuse
11496,705
40,098
Kealakehe WTP R-1 Upgrade
1,748,130
86,458
South Hilo Sanitary Landfill Final Closure
2,324,232
55,129
Kealakehe Scrap Metal Yard Remediation
5,174,555
123,985
$
37,735,229
$ 1,479,182
SUPPORTING SCHEDULES
Statement of Funded Debt as of
November 4, 2020
(Based on Records in Finance Department)
Schedule C
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
Jan. 30, 2007
$
639,952
April 28, 2008
$
120,792
February 18, 2016
$
14,668,750
November 4, 2020
$
3,751,250
19,180, 744
Less Amount Already Excluded in item 2a
(349,501)
$
18,831,243
Schedule D
Principal
Amount
Outstanding
General Obligation Bonds Reimbursable by ID#18
Kona Coastview & Wonderview Subdivision lot owners.
$
742,183
Less Amount Already Excluded in item 2a
-
742,183
Public Improvement Bonds Reimbursable by ID#19
Kona Ocean View Properties Subdivision lot owners.
1,032,615
Less Amount Already Excluded in item 2a
-
1,032,615
Public Improvement Bonds Reimbursable by ID#20
Lono Kona Subdivision lot owners.
2,437,000
Less Amount Already Excluded in item 2a
-
2,437,000
Total Reimbursable by Improvement Districts
$
4,211,798
Principal Amount
Schedule E Outstanding
Other Indebtedness
Office of Housing & Community Development
Ouli Ekahi Housing Project (OEHP)
*HHFDC Loan $ 111,023
*Hawai'i Housing Finance And Development Corporation