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Home My WebLink AboutCOM 0309.001 2000-2002 ~SY OF y~~ Harry Kim `P'~ ~,W~ William T. Takaba Mayor ~ ; t Director _ _ Nancy E. Crawford r,~~ Deputy tr.V we:•p~ 'T~ bf'a~'?' Michael N. Okumoto - f Treasurer County of Hawaii DEPARTMENT OF FINANCE r' . TREASURY DIVISION 101 Pauahi Street, Suite No.5 Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) July 15, 2002 The Honorable James Y. Arakaki, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Arakaki: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawaii as of June 30, 2002. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, ~ William T. cabs Director of Flnance Encls. Cozjxr~. No, ~ • ~~e ~To. Ref. ~"o: J U L 1 fi ZOOZ . Ref, JD~te d~tl os h Harry Kim ~,i~,~ .1., ~ William T. Takaba Mayor Director Nancy E. Crawford •epdy ~f;P~. Deputy 'B>: ®F'Ma~O Michael N. Okumoto Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No.S Hilo, Hawaii 96720-4252 (808) 961-8351 (808) 961-8330 (FAX) July 12, 2002 Mr. Aaron S.Y. Chung County Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summar~(with supporting schedules of the net funded debt of the County of Hawaii as of June 30, 2002. 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. a William T. Ta ba Director of Finance Encl. I ®n d® n®t c®ncur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2002. Reasons for non-concurrence: C~'~~~ Chairman, Finance Co ittee ,D~ County Council, Coun of Hawaii Date: ~ ~ ~ ~jY ®s h'?Y :9 Harry Kim ~ ,J;~ `P'' ~ I William T. Takaba Mayor ;t Director Nancy E. Crawford ~,.4- 'a*:~;.~ Deputy qpa OF'aA°~ Michael N. Okumoto Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No.S • Hilo, Hawaii 96720-4252 (808) 961-8351 • (808) 961-8330 (FAX) July 12, 2002 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 25 Aupuni Street Hilo, Hawaii 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 Hawaii as of June 30, 2002. 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. J~ ~ /V l William T. Ta aba Director of Finance Encl. I ncur! not concur with the tabular summary of the net funded debt of the Co awaii as of June 30, 2002. Reasons for non-concurrence: Corporation Counsel County of Hawaii Date: ~ « d~° COUNTY OF WAWAII Statement of Funded Debt June 30, 2002 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 157,664,400 (Schedule A) b. Special Assessment Bonds $ 6,370,000 (Schedule B) c. Other Indebtedness $ 1,101,772 (Schedule C) d. State Devolving Fund Loans $ 32,999,782 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 198,135,954 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 9,847,800 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 6,370,000 (Schedule B) c. State Revolving Fund principal $ 2,087,736 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 16,794,600 Reimbursable by the County Department of Water Supply (Schedule E) Total Exclusions $ 35,100,136 Net Funded Debt of the County of Flawaii $ 163,035,818 June 30, 2002 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2002 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in June 30, 2002 Current FY June 15, 1977 241,000 19,000 June 1, 1981 460,000 24,000 December 1, 1989 1,900,000 900,000 May 1, 1993 57,835,000 3,995,000 February 1, 1996 25,340,000 1,315,000 March 12, 1996 619,000 33,000 February 25, 1997 3,324,500 155,500 June 4, 1998 734,900 11,300 August 15, 1999 30,000,000 1,125,000 August 15, 1999 12,410,000 2,270,000 July 15, 2001 23,000,000 - August 1, 2001 1,800,000 - Total County General Obligation Bonds 157,664,400 9,847,800 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 6,370,000 ~hedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,101,772 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 7,859,017 629,554 Waiakea ~iouselots Sewer 284,852 22,818 Waiakea Mill Pond Sewer 862,202 62,499 Kealakehe EfFluent Disposal 860,632 62,385 Alii Drive InterceptorA & B 1,987,775 141,867 Ainako InterceptorA & B 1,525,604 107,580 Alii Drive Interceptor C & D 2,775,285 180,372 Kalanianaole Collector Sewer 1,142,556 69,795 Waiaha Bay SPS 2,765,696 171,383 Alii Drive Interceptor ~ & F 1,704,227 99,339 ~iolualoa Sewer Pump Station 2,481,752 138,701 Paukaa Community Collector 1,910,467 92,371 Waiakea t~ouselots Phase II 4,207,359 199,972 Pahoehoe 2,632,358 109,102 32,999,782 2,087,736 Schedule F General Obligation Bonds Reimburseable by the County Department of Water Supply: June 1, 1981 460,000 December 1, 1989 (Refunding) 1,450,000 May 1, 1993 7,125,000 June 4, 1998 734,900 July 15, 2001 8,000,000 17,769,900 Less Amount Already Bxcluded (975,300) 16,794,600