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Home My WebLink AboutCOM 0015.000 2022-2024 p�aTv.oc N,�4 Mitchell D. Roth � 1'1'tl�i Deanna S. Sako .t <* Director Mayor r�Tg°o.KPS Diane Nakagawa Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 Fax(808)961-8569 s t November 22, 2022 u The honorable Maile David, Chairwoman And Members of the Council .,, -- County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairwoman David: 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 1, 2022 is submitted for your review and concurrence. The issuance of$28,500,000 in general obligation bond anticipation notes on October 27, 2022 and November 1, 2022 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 Fuels. Comm.No. Hawaii County is an Equal Opportunity Employer and Provideref.To: _ Ref. Gate 8 2022 a I Mitchell D. Roth Deanna S, Sako s Director Wayor 's ®+t•'o�'riF`F Mane Nakagawa Deputy Nector E Countir of Hawaiti Finance Department 25 Aupuni Street,Suite 2103 . Miry,Hawaii 96724 (808}961-8234 • Pax(808)961-8569 i November 10,2022 Ms. Elizabeth Strance Corporation Counsel County of Hawai'i 101 Aupuni Street, Unit 325 Hilo, Hawaii 96720 Section 47C-3, Hawai'i 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 1, 2022 is submitted for your review and concurrence. The issuance of$28,500,000 in general obligation bond anticipation notes on October 27, 2022 and November 1, 2022 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 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, 1 &;C;Wo not concur with the tabular summary of the net funded debt of the County of Hawai'i as of November 1, 2022, Reasons for non-concurrence: �� Elizabeth e ��2022.11.188 0909:0:07:19 -10,00, Cate: Corporation Counsel County of Ilawai'i Hawai'i County is an Equal Opportunity Employer and Provider JNgv or H,+s c rt Mitchell D. Roth Deanna S. Sako Mayor +jm ;+ Director P1pr aF'wra+► Diane Nakagawa Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 • Fax(808)961-8569 November 10, 2022 Councilmember Matt Kaneali`i-Kleinfelder Chair, Committee on Finance Hawaii County Council 25 Aupuni Street 3 Hilo, Hawaii 96720 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 1, 2022 is submitted for your review and concurrence. The issuance of$28,500,000 in general obligation bond anticipation notes on October 27, 2022 and November 1, 2022 requires preparation of this report. 1 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. ,f 3 Thank you very much for your prompt attention to this matter. Please call me if you have any questions. j I Deanna S. Sako Director of Finance a Encl. 16 ncu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of ovember 1, 2022. Reasons for non-concurrence: 1 Date: Chairman Finan Committee County C uncil, ounty of Hawaii Kawai'i County is an Equal Opportunity Employer and Provider i COUNTY OF HAWAII Statement of Funded Debt November 1, 2022 1. Total Principal Amount of County Debt i Outstanding and Unpaid: a. County General Obligation Bonds $ 392,128,148 3 (Schedule A) 3 I I b. State Revolving Fund Loans $ 46,059,028 3 (Schedule B) I c Other Indebtedness 3 (Schedule E) $ 33,251 3 Grand Total of Debt Outstanding & Unpaid $ 438,220,427 i 2. Exclusions from Grand Total: it a. General Obligation Bonds maturing $ 3,525 in fiscal year 2022-2023 (Schedule A) j 3 3! b. State Revolving Fund principal maturing $ 1,873,666 in fiscal year 2022-2023 (Schedule B) C. General Obligation Bonds $ 17,871,880 3 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 $ 23,662,729 Net Funded Debt of the County of Hawai'i $ 414,557,698 November 1, 2022 SUPPORTING SCHEDULES Statement of Funded Debt as of November 1, 2022 (Based on Records in Finance Department) 3 Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue November 1, 2022 FY 2022-2023 April 28, 2008 $ 114,155 $ 3,525 February 12, 2013 6,840,000 - September 19, 2013 981,993 - February 18, 2016 161,860,000 - 3 July 6, 2017 112,825,000 - September 29, 2020 A 2,378,000 - September 29, 2020 B 3,609,000 - November 4, 2020 70,915,000 - June 23, 2022 4,105,000 - I * October 27, 2022 22,500,000 - * November 1, 2022 6,000,000 - ;( i Total County General Obligation Bonds $ 392,128,148 $ 3,525 * Notes Payable 3 5� Schedule B Principal Maturing 3 Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2022-2023 HI Cty Cesspool Conversion $ 1,809,106 $ 224,238 Queen Liliuokalani LCC Repl 3,805,689 249,288 Honokaa LCC Repl 1,692,008 91,987 Kalanianaole AISR-Phase II 3,890,170 180,606 Kealakehe WTPAUSRP 11,085,989 436,904 North Kona Sewer and Effluent Reuse 1,335,408 40,703 Kealakehe WTP R-1 Upgrade 1,574,346 88,201 South Hilo Sanitary Landfill Final Closure 15,167,797 410,559 Kealakehe Scrap Metal Yard Remediation 4,674,884 126,483 Lanihau WW Pump Station Force Main 1,023,631 24,697 $ 46,059,028 $ 1,873,666 SUPPORTING SCHEDULES Statement of Funded Debt as of November 1, 2022 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: i April 28, 2008 $ 114,155 February 18, 2016 $ 10,881,250 November 4, 2020 $ 2,775,000 June 23, 2022 $ 4,105,000 17,875,405 Less Amount Already Excluded in item 2a (3,525) i $ 17,871,880 Schedule D Principal Amount Outstanding I General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 553,666 Less Amount Already Excluded in item 2a - 553,666 I Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 981,992 Less Amount Already Excluded in item 2a - 981,992 I Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,378,000 j Less Amount Already Excluded in item 2a - 2,378,000 3 i Total Reimbursable by Improvement Districts $ 3,913,658 I Principal Amount Schedule E Outstanding Other Indebtedness 3 Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 33,251 i *Hawai`i Housing Finance And Development Corporation