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Home My WebLink AboutCOM 0683.000 2002-2004 Harry Kim .!"•x~ William T. Takaba Mayor ~ Director Nartey E. Crawford Deputy (;;~~i Mi~hael N. Okumoto uL Tr6~surefT•~ •••~~Oi~M•~ t h l! r) ! ( r= County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808)961-8351 (808)961-8330 (FAX) July 9, 2004 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, 2004. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, William T. T kaba Director of Finance Encls. Comm. No., Ref. To: L Ref. Gate .11 I~ I 1~~R~ County of Hawaii is an Equal Oppotlunily Pmvitler and Employee Complaints of discdminalion should be sent to' USDA, Director, OPoce of Civil Rights. Washington, DC 20250-9410 Or call (202) ]20-5964 (Voice and TDD) Harry Kim M<~ o~ William T. Takaba Mayor ~_c~ Director ~ Nancy E. Crawford Deputy Michael N. Okumoto h•«:w~,y Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808)961-8351 (808)961-8330 (FAX) July 8, 2004 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 summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2004. 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. i William T. T kaba Director of Finance Encl. I concur/do-RS4~e~enawwith the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2004. Reasons for non-concurrence: Chairman, Finance ommittee County Council, County of Hawaii Date: JUL - ~ 2004 County of Hewai'i is an Egual Opportunity Provitler and Employer. Complaints of discmm~ation should he sent to: USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or WII (202) 720-5964 (Voice antl TDD) Harry Kim MtY or y~ William T. Takaba Mayor r1~,c~ Director • Nancy E. Crawford ' Deputy ' Michael N. Okumoto ~+'oi'w~'~~ Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808) 961-8351. (808) 961-8330 (FAX) July 8, 2004 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, 2004. 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. T kaba Director of Finance Encl. I concu o not concur with the tabular summary of the net funded debt of the Coun y of Hawaii as of June 30, 2004. Reasons for non-concurrence: Date: 7-~l -o~ orporation Counsel County of Hawaii County o! Hawayi is an Equal Opportunity Provider and Employer. Complaints of tllscnmination shoultl be sent to: USDA, Director, Office of Qml Rights, Washington, OC 20250-9410 Or call (202)120-5964 (Nate antl TDD) COUNTY OF HAWAII Statement of Funded Debt June 30, 2004 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 173,646,000 (Schedule A) b. Special Assessment Bonds $ 5,610,000 (Schedule B) c. Other Indebtedness $ 1,065,417 (Schedule C) d. State Revolving Fund Loans $ 29,497,373 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 209,818,790 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 11,213,000 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 5,610,000 (Schedule B) c. State Revolving Fund principal $ 2,240,947 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 14,358,648 Reimbursable by the County Department of Water Supply (Schedule E) Total Exclusions $ 33,422,595 Net Funded Debt of the County of Hawaii $ 176,396,195 June 30, 2004 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2004 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in June 30, 2004 Current FY June 15, 1977 202,000 21,000 June 10, 1981 411,000 26,000 December 1, 1989 500,000 500,000 May 1, 1993 49,640,000 4,415,000 February 1, 1996 22,650,000 1,440,000 February 25, 1997 3,006,000 171,000 June 4, 1998 711,700 12,400 September 14, 1999 27,700,000 1,240,000 September 14, 1999 7,775,000 2,475,000 July 25, 2001 23,000,000 850,000 August 6, 2001 1,740,300 62,600 April 16, 2003 36,310,000 - Total County General Obligation Bonds 173,646,000 11,213,000 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 5,610,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,065,417 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 6,584,170 661,425 Waiakea Houselots Sewer 238,645 23,973 Waiakea Mill Pond Sewer 735,643 65,663 Kealakehe EfFluent Disposal 734,303 65,543 Alii Drive InterceptorA & B 1,871,634 164,599 Ainako InterceptorA & B 1,307,418 112,733 Alii Drive Interceptor C & D 2,410,806 187,919 Kalanianaole Collector Sewer 1,000,842 74,108 Waiaha Bay SPS 2,418,132 181,112 Alii Drive Interceptor E & F 1,502,526 105,476 Holualoa Sewer Pump Station 2,200,130 147,270 Paukaa Community Collector 1,758,118 98,857 Waiakea Houselots Phase II 4,192,632 231,730 Pahoehoe WWPS 2,542,374 120,539 29,497,373 2,240,947 Schedule E General Obligation Bonds Reimburseable by the County Department of Water Supply: June 1, 1981 411,000 December 1, 1989 (Refunding) 500,000 May 1, 1993 6,115,000 June 4, 1998 711,700 July 15, 2001 8,000,000 15,737,700 Less Amount Already Excluded (1,379,052) 14,358,648