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Home My WebLink AboutCOM 0757.000 2002-2004 Harry Kim <+a is William T. Takaba Mayor Director Nancy E. Crawford Deputy cE~ .t pgM~haet..N.Okumoto •yi•A !.Ub 1 v surer O! M~ County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808) 961-8351 is (808) 961-8330 (FAX) September 7, 2004 The Honorable James Y. Arakaki, Chairman And Members of the Council County of Hawaii 25 A(.;puni Street Hilo, Hawaii 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 August 31, 2004 is correct. The closing of the $55,020,000 General Obligation Bonds, 2004 Series A, B and C on September 7, 2004 requires preparation of this report. Concurrence to the supplemental summary of the Chairman of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, Y ` William T. fakaba Director of Finance Encls. Comm. No. -75 Ref. To: Ref. Date County of Hawai'i is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to USDA, Director, Office of CM Flights, Washington. DC 20250-9610 Or call (202) 72P5964 (Voice and TOD) Harry Kim V OF William T. Takaba Mayor Director °w Nancy E. Crawford ' Deputy Michael N. Okumoto 'J h.WwTreasurer 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) September 2, 2004 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 August 31, 2004 is submitted for your review and concurrence. The closing of the $55,020,000 General Obligation Bonds, 2004 Series A, B and C on September 7, 2004 requires preparation of 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 actior. Thank you very much for your prompt attention to this matter. Please call me if you have any questions. William T. akaba Director of Finance Encl. I oncur o not concur with the tabular summary of the net funded debt of the County of Hawaii as of August 31, 2004. Reasons for non-concurrence: orporation Counsel SEP 3 2004 County of Hawaii Date: County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to, USDA, Director, Office of CIVII Rights, Washington, DC 20250-9410 Or oil (202) 720-5954 (Voice and TOO) Harry Kim `.R+ William T. Takaba Mayor ~''•'y~ Director Nancy E. Crawford Deputy Michael N. Okumoto 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) September 2, 2004 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Section 47C-3, Hawaii Revised Statutes, requires that a supplemental summary of the indeb°;Cdne3s 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 August 31, 2004 is submitted for your review and concurrence. The closing of the $55,020,000 General Obligation Bonds, 2004 Series A, B and C on September 7, 2004 requires preparation of 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. T cabs Director of Finance Encl. I concur/dZ~taL~[with the tabular summary of the net funded debt of the County of Hawaii as of August 31, 2004. Reasons for non-concurrence: Chairman, Financ Committee County Council, County of Hawaii Date: 1 County of Ha,vai i is an Equal Opportunity Provider and Employer, Complaints of discmmnation should be sent to USDA, Director, Office of Civil Rghts, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and Too) COUNTY OF HAWAII Statement of Funded Debt August 31, 2004 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 172,713,400 (Schedule A) b. Special Assessment Bonds $ 5,070,000 (Schedule B) C. Other Indebtedness $ 1,062,185 (Schedule C) d. State Revolving Fund Loans $ 29,000,680 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 207,846,265 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 10,280,400 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 5,070,000 (Schedule B) C. State Revolving Fund principal $ 1,744,256 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 $ 31,453,304 Net Funded Debt of the County of Hawaii $ 176,392,961 August 31, 2004 SUPPORTING SCHEDULES Statement of Funded Debt as of August 31, 2004 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in August 31, 2004 Current FY June 15, 1977 182,000 1,000 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 22,150,000 - August 6, 2001 1,677,700 April 16, 2003 36,310,000 - Total County General Obligation Bonds 172,713,400 10,280,400 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 5,070,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,062,185 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 Interceptor A & B 1,789,902 82,868 Ainako Interceptor A & B 1,251,340 56,655 Alii Drive Interceptor C & D 2,317,328 94,441 Kalanianaole Collector Sewer 1,000,842 74,108 Waiaha Bay SPS 2,328,201 91,181 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 4,077,219 116,317 Pahoehoe WWPS 2,482,313 60,479 29,000,680 1,744,256 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 7,704,348 15,442,048 Less Amount Already Excluded (1,083,400) 14,358,648