The URL can be used to link to this page

Home My WebLink AboutCOM 0184.001 2022-2024 J»Sy os y1!! 4i.i;" Deanna S. Sako Mitchell D. Roth r Director Mayor /, i. •'•`'E o•••',.4 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 17, 2023 The Honorable Heather Kimball, Chairwoman ' •-r- And Members of the Council .., County of Hawai`i 25 Aupuni Street Hilo, Hawai`i 96720 Dear Chairwoman Kimball: Pursuant to the provisions of Chapter 47C, Hawai`i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai`i as of June 30, 2023. 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 June 30, 2023 is submitted for your review and concurrence since the County of Hawaii issued $99,000,000 General Obligation Bond, Series 2023 on June 21, 2023. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, (et;AdXr— b"" Deanna S. Sako Director of Finance Enols. comm. No. Hawaii County is an Equal Opportunity Employer and ProviderRef.To . L. Ref. Date JUL .2 0 2023 `P ,,1,,zI '_ Deanna S. Sako Mitchell D.Roth � . \;� Mayor +: �3r. .+. Director ''E i4*444 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 10, 2023 ' Councilmember Matt Kaneali`i-Kleinfelder Chair, Committee on Finance Hawai`i County Council 25 Aupuni Street Hilo, Hawai`i 96720 Pursuant to the provisions of Chapter 47C, Hawai`i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai`i as of June 30, 2023. 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 June 30, 2023 is submitted for your review and concurrence since the County of Hawaii issued$99,000,000 General Obligation Bond Series 2023 on June 21, 2023. 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. e– ---0 r',— Deanna S. Sako Director of Finance Encl. . I.concur s o of concur with the tabular summary of the net funded debt of the County of : -, as of • ne 30 2023. Reasons for non-concurrence: iiiiik _ Date: I/ I/(7 3 Ch. rman, Finan ': Committee Cou A ty Council, Sounty of Hawai`i 11 Hawai'i County is an Equal Opportunity Employer and Provider Jtt�*os H,�',.. `P : Vie Deanna S. Sako Mitchell D.Roth ail,,; Director Mayor : �'i..��:r •:?`' �°''►'�. Diane Nakagawa ., `'•�rE os'N►'j1-�••, Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 (808)961-8234 • Fax(808)961-8569 July 10,2023 Ms. Elizabeth Strance Corporation Counsel County of Hawai`i 101 Aupuni Street, Unit 325 Hilo, Hawai`i 96720 Pursuant to the provisions of Chapter 47C, Hawai`i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai`i as of June 30, 2023. 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 June 30, 2023 is submitted for your review and concurrence since the County of Hawaii issued $99,000,000 General Obligation Bond, Series 2023 on June 21, 2023. 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(01,2E10do not concur with the tabular summary of the net funded debt of the County of Hawai`i as of June 30, 2023. Reasons for non-concurrence: Date: 7/iL 1L02- orporation C nsel County of Hawai`i Hawaii County is an Equal Opportunity Employer and Provider COUNTY OF HAWAII Statement of Funded Debt June 30, 2023 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 491,124,622 (Schedule A) b. State Revolving Fund Loans $ 44,185,361 (Schedule B) c. Revenue Bonds $ 13,055,000 (Schedule C) d. Other Indebtedness (Schedule F) $ 8,090 Grand Total of Debt Outstanding & Unpaid $ 548,373,073 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 60,811,031 in fiscal year 2023-2024 (Schedule A) b. State Revolving Fund principal maturing $ 3,676,386 in fiscal year 2023-2024 (Schedule B) c. Revenue Bonds $ 13,055,000 Secured by Pledge of Special CFD Taxes (Schedule C) d. General Obligation Bonds $ 15,486,959 Reimbursable by the County Department of Water Supply P pp Y (Schedule D) e. General Obligation Bonds $ 3,726,407 Reimbursable by ID#18, ID#19 & ID#20 property owners (Schedule E) Total Exclusions $ 96,755,783 Net Funded Debt of the County of Hawai'i $ 451,617,290 June 30, 2023 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2023 (Based on Records in Finance Department) Schedule A County General Obligation Principal Amount General Obligation Bonds/Notes: Outstanding Bonds Maturing in Date of Issue June 30, 2023 FY 2023-2024 April 28, 2008 $ 110,630 $ 3,671 February 12, 2013 6,840,000 4,640,000 September 19, 2013 981,992 26,360 February 18, 2016 161,860,000 17,470,000 July 6, 2017 112,825,000 6,545,000 September 29, 2020 A 2,378,000 60,000 September 29, 2020 B 3,609,000 91,000 November 4, 2020 70,915,000 3,475,000 June 23, 2022 4,105,000 - * October 27, 2022 22,500,000 22,500,000 * November 1, 2022 6,000,000 6,000,000 June 21, 2023 99,000,000 - Total County General Obligation Bonds $ 491,124,622 $ 60,811,031 *'Notes Payable Schedule B Principal Amount Principal Maturing in State Revolving Fund Loans: Outstanding FY 2023-2024 HI Cty Cesspool Conversion $ 1,584,868 $ 450,065 Queen Liliuokalani LCC Repl 3,556,400 500,611 Honokaa LCC Repl 1,600,021 184,738 Kalanianaole AISR-Phase II 3,709,564 362,733 Kealakehe WTPAUSRP 10,649,084 875,321 North Kona Sewer and Effluent Reuse 1,294,705 81,864 Kealakehe WTP R-1 Upgrade 1,486,146 89,085 South Hilo Sanitary Landfill Final Closure 14,757,238 827,287 Kealakehe Scrap Metal Yard Remediation 4,548,401 254,866 Lanihau WW Pump Station Force Main 998,934 49,816 $ 44,185,361 $ 3,676,386 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2023 (Based on Records in Finance Department) Schedule C Community Facilities District No. 1-2021 (Kaloko Heights Project) Special Tax Revenue Bonds Principal Amount Revenue Bonds Outstanding Maturing in Date of Issue June 30, 2023 FY 2023-2024 March 2, 2023 13,055,000 - Total County Revenue Bonds $ 13,055,000' $ - SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2023 (Based on Records in Finance Department) Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: April 28, 2008 $ 110,630 February 18, 2016 $ 10,881,250 November 4, 2020 $ 2,775,000 June 23, 2022 $ 4,105,000 17,871,880 Less Amount Already Excluded in item 2a (2,384,921) $ 15,486,959 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 553,666 Less Amount Already Excluded in item 2a (100,891) 452,775 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 981,992 Less Amount Already Excluded in item 2a (26,360) 955,632 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,378,000 Less Amount Already Excluded in item 2a (60,000) 2,318,000 Total Reimbursable by Improvement Districts $ 3,726,407 Schedule F Principal Amount Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan 8,090 Total 8,090 *Hawai`i Housing Finance And Development Corporation