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Home My WebLink AboutCOM 0310.000 2000-2002 aaty o.. Harry Kim William T. Takaba Mayor • ~ Director •sf•4 ~e:.'~; Michael N. Okumoto 4ri us•w'•~ Treasurer County of I~awaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) August 14, 2001 The Honorable James Y. Arakaki, Chairman and Members of the Council County of Hawaii 25 Aupuni Street Hilo, I-lwaii 96720 Dear Chairman Arakaki: In accordance with Section 47C-3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawaii as of July 25, 2001 is correct. The closing of the $23,000,000 2001 Series A General Obligation Sonds on July 25, 2001 requires preparation of this report and is included in this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, William T. Taka a Director of Finance Encls. Comm. No< / F9i1e No. ~ . ~A~. fio: ~f. >?$t~UG 1 ~ 2001 J~tY^Of,k~ Harry Kim William T. Takaba Mayor • ~ Direcfor .+~`~4....>a.;:~; Michael N. Okumoto ''>i o m~''' Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) August 8, 2001 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section ~7C-3, Hawaii F~evised 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 bond issue. The enclosed summary as of July 25, 2001 is submitted for your review and concurrence. The closing of the $23,000,000 2001 Series A General Obligation Bonds on July 25, 2001 requires preparation of this report and is included in this report. The attached tabular summary requires concurrence from both the Chairman 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 therefor. After receiving your responses, I must 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. w 1~ V~ William fi. Taka1 a Director of Finance Encl. I concur/dam with the tabular summary of the net funded debt of the County of Hawaii as of July 25, 2001. Reasons for non-concurrence, if any: Chairman, Finance Committ County Council/, County of Hawaii Date: S~ 9 l ~l V~~r os•y~_ Harry Kim ~i~;~; William T. Takaba Mayor Director Michael N. Okumoto r Treasurer •••r••OS N tl`',` County of I~awaii DEPARTMENT OF FINANCE TREASURY DIVISION 25 Aupuni Street, Room 112 Hilo, Hawaii 96720-4252 (808) 961-8351 • (808) 961-8330 (FAX) August 8, 2001 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 25 Aupuni Street 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 bond issue. The enclosed summary as of July 25, 2001 is submitted for your review and concurrence. The closing of the $23,000,000 2001 Series A General Obligation Bonds on July 25, 2001 requires preparation of this report and is included in this report. The attached tabular summary requires concurrence from both the Chairman 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 therefor. After receiving your responses, I must 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. William T. Takaba Director of Finance Encl. I oncu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of Ju y , 2001. Reasons for non-concurrence, if any: Corporation Counsel County of Hawaii AUG10~ Date: COUNTY OF HAWAII State~aent of Funded Debt July 25, 2001 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 164,235,300 (Schedule A) b. Special Assessment Bonds $ 10,760,000 (Schedule B) c. Other Indebtedness $ 1,117,954 (Schedule C) d. State Revolving Fund Loans $ 33,999,388 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 210,112,642 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 8,370,900 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 10,760,000 (Schedule B) c. State Revolving Fund principal $ 1,575,622 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 17,769,900 Reimbursable by the County Department of Water Supply (Schedule E) Total Exclusions $ 38,476,422 Net Funded Debt of the County of Hawaii $ 171,636,220 July 25, 2001 SUPPORTING SCHEDULES Statement of Funded Debt as of July 25, 2001 (Based on Records in Finance Department) Sche ule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds INlaturing in July 25, 2001 Current FY June 15, 1977 259,000 18,000 June 1, 1981 482,000 22,000 December 1, 1998 2,800,000 900,000 May 1, 1993 61,640,000 3,805,000 February 1, 1996 26,600,000 1,260,000 March 12, 1996 650,500 31,500 February 25, 1997 3,473,000 148,500 June 4, 1998 745,800 10,900 August 15, 1999 30,000,000 - August 15, 1999 14,585,000 2,175,000 July 15, 2001 23,000,000 - Total County General Obligation Bonds 164,235,300 8,370,900 Schec~~l~ B Special Assessment Bonds: Principal Amount Outstanding 8/01/91 Kaloko Subdivision (17) 10,760,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,117,954 ~~hedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 8,473,216 614,199 Waiakea Houselots Sewer 307,113 22,262 Waiakea Mill Pond Sewer 923,177 60,974 Kealakehe Effluent Disposal 921,496 60,863 Alii Drive Interceptor A & B 2,057,252 69,478 Ainako Interceptor A & S 1,569,111 52,969 Alii Drive Interceptor C & D 2,864,093 88,809 Kalanianaole Collector Sewer 1,210,291 67,734 Waiaha Say SPS 2,845,073 83,821 Alii Drive Interceptor ~ & F 1,793,221 90,282 Holualoa Sewer Pump Station 2,616,357 134,605 Paukaa Community Collector 2,000,587 90,121 Waiakea Houselots Phase II 4,304,953 97,594 Pahoehoe 2,113,448 41,911 33,999,388 1,575,622 Schedule ~ General Obligation Sonds Reimburseable by the County Department of Water Supply: June 1, 1981 482,000 December 1, 1989 (Refunding) 1,900,000 May 1, 1993 7,595,000 June 4, 1998 745,800 July 15, 2001 8,000,000 18,722,800 Less Amount Already Excluded (952,900) 17,769,900