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Home My WebLink AboutCOM 0896.000 2020-2022 QJMtY QF P0!?L t Mitchell D.Roth 4 ' Deanna S. Sako Mayor t e< :« Director +'+r `gip Diane Nakagawa Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 Fax(808)961-8569 v July 15, 2022 ' The Honorable Maile David, Chairwoman - And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairwoman David: 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, 2022. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Deanna S. Sako Director of Finance Encls. Comm. No. Ref.To: Hawaii County is an Equal Opportunity Employer and ProvideRef. Date_IUL 1 9 2022 Mitchell D.Roth % ' .�� `��`� Deanna S.Sako Mayor i k Director " Diane Nakagawa Depu4,Director County of ai li Finance Department 25 Aupuni Street,Suite 2103 o Hilo,Hawaii 96720 (808)961-8234 . Fax(808)961-8569 July 8, 2022 Ms. Elizabeth Strance Corporation Counsel County of Hawaii 101 Auputu Street, Unit 325 I ilo, Hawaii 96720 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 handed debt of the County of Ilawai`i as of June 30, 2022. The attached tabular summary requires concurrence from both the Chairperson of the Finance Committee and the Corporation Counsel. If you concur with this sumn-lary,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. Ionce 'do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2022. Reasons for non-concurrence: J d / )Elizabeth Strance a 2022.07.15 10:03:08-10'00' Date: Corporation Counsel County of Hawaii Hawaii County is an Equal Opportunity Employer and Provider �M<YfOF�4� Mitchell D.Roth > Deanna S. Sako ti �* Director Mayor Diane Nakagawa Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 (808)961-8234 • Fax(808)961-8569 July 8, 2022 Councilmember Matt Kaneali`i-Kleinfelder Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 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, 2022. 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 concurYdo not concur with the tabular summary of the net funded debt of the County of H`awai`i as of June 30, 2022. Reasons for non-concurrence: Date: Z- Chairm"Financ Committee Countyounty of Hawaii Hawaii County is an Equal Opportunity Employer and Provider COUNTY OF HAWAVI Statement of Funded Debt June 30, 2022 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 393,567,802 (Schedule A) . State Revolving Fund Loans $ 46,791,175 (Schedule ) c Other Indebtedness (Schedule ) $ 41,501 Grand Total of Debt Outstanding & Unpaid 440,400,478 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 29,943,180 in fiscal year 2022-2023 (Schedule A) b. State Revolving Fund principal maturing $ 3,604,747 in fiscal year 2022-2023 (Schedule B) C. General Obligation Bonds $ 17,871,880 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 3,913,658 Reimbursable by ID#18, ID#19 & ID#20 property owners (Schedule D) Total Exclusions $ 55,333,465 Net Funded Debt of the County of Hawai°i $ 385,067,013 June 30, 2022 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2022 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue June 30, 2022 FY 2022-2023 April 28, 2008 $ 114,155 $ 3,525 February 12, 2013 11,300,000 4,460,000 September 19, 2013 1,007,647 25,655 February 18, 2016 178,480,000 16,620,000 July 6, 2017 119,060,000 6,235,000 September 29, 2020 A 2,437,000 59,000 September 29, 2020 B 3,699,000 90,000 November 4, 2020 73,365,000 2,450,000 June 23, 2022 4,105,000 - Total County General Obligation Bonds $ 393,567,802 $ 29,943,180 Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2022-2023 HI Cty Cesspool Conversion $ 2,032,706 $ 447,838 Queen Liliuokalani LCC Repl 4,054,516 498,115 Honokaa LCC Repl 1,783,837 183,817 Kalanianaole AISR-Phase II 4,070,489 360,924 Kealakehe WTPAUSRP 11,522,271 873,186 North Kona Sewer and Effluent Reuse 1,375,959 81,254 Kealakehe WTP R-1 Upgrade 1,574,346 88,201 South Hilo Sanitary Landfill Final Closure 15,576,313 819,075 Kealakehe Scrap Metal Yard Remediation 4,800,738 252,337 $ 46,791,175 $ 3,604,747 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2022 (Based on Records in Finance Department) j Schedule C 3 General Obligation Bonds Reimbursable 3 y the County Department of Water Supply: April 28, 2008 $ 114,155 February 18, 2016 $ 12,822,500 November 4, 2020 $ 3,097,500 June 23, 2022 $ 4,105,000 20,139,155 Less Amount Already Excluded in item 2a (2,267,275) $ 17,871,880 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 650,069 Less Amount Already Excluded in item 2a (96,403) 553,666 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,007,647 Less Amount Already Excluded in item 2a (25,655) 981,992 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,437,000 Less Amount Already Excluded in item 2a (59,000) 2,378,000 Total Reimbursable by Improvement Districts $ 3,913,658 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 41,501 *Hawai'i Housine Finance And Develoornent Corporation