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Home My WebLink AboutCOM 0335.000 2024-2026C. Kimo Alameda, Ph.D. Mayor William V. Brilhante Jr. Managing Director Diane Nakagawa Director Malia A. Kekai Deputy Director County of Hawaii " Finance Department ,25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • Fax (808) 961-8569 a cNrs �'t"i May 20, 2025 C;o n-c The Honorable Holeka Goro Inaba, Chairman J And Members of the Council s County of Hawaii a = X�-; 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Inaba: 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 6f-Hawai`i as of May 07, 2025. - 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 May 07, 2025 is submitted for your review and concurrence since the County of Hawaii issued $142,140,000 General Obligation Bonds, Series 2025 on May 07, 2025. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are -attached. Very truly yours, 0, �A"' Diane Nakag a Director of Finance Encls. Comm. No. Ref. fo: Hawai'i County is an Equal Opportunity Employer and Proviffet. Date ,. — 3 2[i? i F C. Kimo Alameda, Ph.D. Mayor William V. Brilhante Jr. Managing Director County of Hawaii Finance Department 25 Aupuni Street, Suite 2103 a Hilo, Hawaii 96720 (808) 961-8234 • Fax (808) 961-8569 May 14, 2025 Ms. Renee Schoen Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 Hilo, Hawaii 96720 Diane Nakagawa Director Malia A. Kekai DeputyDirector 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 May 07, 2025. 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 May 07, 2025 is submitted for your review and concurrence since the County of Hawaii issued $142,140,000 General Obligation Bonds, Series 2025 on May 07, 2025. 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 que tions. Diane Nakagawa Director of Finance Encl. cone r/do not concur with the tabular summary of the net funded debt of the County of l�wai`i as of May 07, 2025. Reasons for non -concurrence: Date: MAY 21 2025 Corporation Cou sel County of Hawaii Hawai'i County is an Equal Opportunity Employer and Provider C. Kimo Alameda, Ph.D. Mayor William V. Brilhante Jr. Managink Director County of Hawaii Finance Department 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • Fax (808) 961-8569 May 14, 2025 Councilmember Matt Kaneali`i-Kleinfelder Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Diane Nakagawa Director Malia. A: Kekai Deputy Director 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 May 07, 2025. 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 May 07, 2025 is submitted for your review and concurrence since the County -of Hawaii issued $142,140,000 General Obligation Bonds, Series 2025 on May 07,. 2025. 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 es eons. Diane Nakaga@a Director of Finance Encl. concur/ o not concur with the tabular summary of the net funded debt of the County of i as of Njy 07, 2025. Reasons for non -concurrence: Date: Chair an, Finance Con mittee County uncil, County f Hawai`i Hawaii County is an Equal Opportunity Employer and Provider COUNTY OF HAWAII Statement of Funded Debt May 7, 2025 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 538,249,685 (Schedule A) b. State Revolving Fund Loans $ 45,255,825 (Schedule B) C. Revenue Bonds $ 13,055,000 (Schedule C) Grand Total of Debt Outstanding & Unpaid 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 89,038 in fiscal year 2024-2025 (Schedule A) b. State Revolving Fund principal maturing $ 185,675 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 Net Funded Debt of the County of Hawaii May 7, 2025 $ 596,560,510 $ 29,764,048 $ 566,796,462 SUPPORTING SCHEDULES Statement of Funded Debt as of May 7, 2025 (Based on Records in Finance Department) Schedule A County General Obligation Bonds/Notes: Date of Issue April 28, 2008 September 19, 2013 February 18, 2016 July 6, 2017 September 29, 2020 A September 29, 2020 B November 4, 2020 June 23, 2022 June 21, 2023 May 7, 2025 Total County General Obligation Bonds Schedule B State Revolving Fund Loans: Principal Amount Outstanding May 7, 2025 $ 103,138 928,547 126,040,000 99,415,000 2,257,000 3,426,000 63,795,000 4,105,000 96,040,000 142,140,000 $ 538,249,685 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 Lanihau WW Pump Station Force Main Hilo WWTP Rehabilitation Phase I Hilo WWTP Rehabilitation Phase II Principal Amount Outstanding General Obligation Bonds Maturing in FY 2024-2025 89,038 $ 89,038 Principal Maturing in FY 2024-2025 682,458 $ - 2,552,677 - 1,229,623 - 2,982,287 - 8,896,156 - 1,130,361 - 1,352,184 45,101 13,094,371 - 6,502,675 - 898,67.7 - 1,166,240 29,018 4,768,116 111,556 $ 45,255,825 $ 185,675 SUPPORTING SCHEDULES Statement of Funded Debt as of May 7, 2025 (Based on Records in Finance Department) Schedule C Community Facilities District No. 1-2021 (Kaloko Heights Project) Special Tax Revenue Bonds Date of Issue March 2, 2023 Total County Revenue Bonds Principal Amount Outstanding May 7, 2025 13,055,000 Revenue Bonds Maturing in FY 2024-2025 $ 13,055,000 $ SUPPORTING SCHEDULES Statement of Funded Debt as of May 7, 2025 (Based on Records in Finance Department) Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: April 28, 2008 $ 103,138 February 18, 2016 $ 6,703,750 November 4, 2020 $ 2,078,750 June 23, 2022 $ 4,105,000 12,990,638 Less Amount Already Excluded in item 2a (89,038) $ 12,901,600 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 347,188 Less Amount Already Excluded in item 2a - 347,188 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 928,547 Less Amount Already Excluded in item 2a - 928,547 Public Improvement Bonds Reimbursable by ID#20 Lono Kona Subdivision lot owners. 2,257,000 Less Amount Already Excluded in item 2a - 2,257,000 Total Reimbursable by Improvement Districts $ 3,532,735