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Home My WebLink AboutCOM 0947.000 2022-2024 tPJM`��ov Ni LIB Diane Nakagawa Mitchell D.Roth • �� :•:�Il�". /�:•; Director . • Mayor .'?';• .. ��= Aaron K.H.Brown Depury Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 (808)961-8234 • Fax(808)961-8569 - t-73 CI"CD July 15, 2024 co t -- �_'L,_ The Honorable Heather Kimball, Chairwomanw'-- 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 enclose for filing the tabular summary of the net funded debt of the County of Hawai`i as of June 30, 2024. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, (0,3 Diane Naka a Director of Finance Ends. Comm. No. qui Ref. To: Hawaii County is an Equal Opportunity Employer and Provider JUL 1 8 2024 Ref. Bate •<oNtv.Ys. Mitchell D.Roth \�1,6i;�; Diane Nakagawa •� \,.i1, ,/�;•; Director Mayor 'f °•s�. Aaron K.H.Brown �Oi M�' 1,e� .• Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawai`i 96720 (808)961-8234 • Fax(808)961-8569 July 9, 2024 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, 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 Hawai`i as of June 30, 2024. 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,c, 241,/ Diane Nakaga Director of Finance Enc I oncu 'do not concur with the tabular summary of the net funded debt of the Coun of Hawai`i as of June 30, 2024. Reasons for non-concurrence: 2%7,Q Date: 11z121)L Corporation Counsel County of Hawaii Hawaii County is an Equal Opportunity Employer and Provider +tY Os y, ; Mitchell D.Roth ' "\ �i� Diane Nakagawa • !�:; ;•I' Director Mayor ' 'rrF F N �� Aaron K.H.Brown - Deputy Director County of Hawaii Finance Department 25 Aupuni Street,Suite 2103 • Hilo,Hawaii 96720 (808)961-8234 • Fax(808)961-8569 July 9, 2024 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, 2024. 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. ('� Diane Naka awa Director of Finance Encl. concu do not concur with the tabular summary of the net funded debt of the ty of Hawai`i as of June 30, 2024. Reasons for non-concurrence: Date: 7 9/1 Chairman, inance Co, ittee County Co il, Coun of Hawai`i Hawaii County is an Equal Opportunity Employer and Provider COUNTY OF HAWAII Statement of Funded Debt June 30, 2024 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 430,313,592 (Schedule A) b. State Revolving Fund Loans $ 49,206,983 (Schedule B) c. Revenue Bonds $ 13,055,000 (Schedule C) Grand Total of Debt Outstanding & Unpaid $ 492,575,575 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 34,292,945 in fiscal year 2024-2025 (Schedule A) b. State Revolving Fund principal maturing $ 4,136,831 in fiscal year 2024-2025 (Schedule B) c. Revenue Bonds $ 13,055,000 Secured by Pledge of Special CFD Taxes (Schedule C) d. General Obligation Bonds $ 12,901,600 Reimbursable by the County Department of Water Supply (Schedule D) e. General Obligation Bonds $ 3,532,735 Reimbursable by ID#18, ID#19 & ID#20 property owners (Schedule E) Total Exclusions $ 67,919,111 Net Funded Debt of the County of Hawai'i $ 424,656,464 June 30, 2024 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2024 (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, 2024 FY 2024-2025 April 28, 2008 $ 106,960 $ 3,822 February 12, 2013 2,200,000 2,200,000 September 19, 2013 955,632 27,085 February 18, 2016 144,390,000 18,350,000 July 6, 2017 106,280,000 6,865,000 September 29, 2020 A 2,318,000 61,000 September 29, 2020 B 3,518,000 92,000 November 4, 2020 67,440,000 3,645,000 June 23, 2022 4,105,000 89,038 June 21, 2023 99,000,000 2,960,000 Total County General Obligation Bonds $ 430,313,592 $ 34,292,945 Schedule B Principal Amount Principal Maturing in State Revolving Fund Loans: Outstanding FY 2024-2025 HI Cty Cesspool Conversion $ 1,134,803 $ 452,344 Queen Liliuokalani LCC Repl 3,055,789 503,112 Honokaa LCC Repl 1,415,283 185,660 Kalanianaole AISR-Phase II 3,346,831 364,544 Kealakehe WTPAUSRP 9,773,763 877,607 North Kona Sewer and Effluent Reuse . 1,212,841 82,480 Kealakehe WTP R-1 Upgrade 1,397,061 89,978 South Hilo Sanitary Landfill Final Closure 13,929,951 835,580 Kealakehe Scrap Metal Yard Remediation 6,917,487 414,812 Lanihau WW Pump Station Force Main 949,118 50,441 Hilo WWTP Rehabilitation Phase I 1,195,077 57,855 Hilo WWTP Rehabilitation Phase II 4,878,979 222,418 $ 49,206,983 $ 4,136,831 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2024 (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, 2024 FY 2024-2025 March 2, 2023 13,055,000 - Total County Revenue Bonds $ 13,055,000 $ - . SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2024 (Based on Records in Finance Department) Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: April 28, 2008 $ 106,960 February 18, 2016 $ 8,840,000 November 4, 2020 $ 2,435,000 June 23, 2022 $ 4,105,000 15,486,960 Less Amount Already Excluded in item 2a (2,585,360) $ 12,901,600 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview& Wonderview Subdivision lot owners. $ 452,776 Less Amount Already Excluded in item 2a (105,588) 347,188 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 955,632 Less Amount Already Excluded in item 2a (27,085) 928,547 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,318,000 Less Amount Already Excluded in item 2a (61,000) 2,257,000 Total Reimbursable by Improvement Districts $ 3,532,735