HomeMy WebLinkAboutCOM 0757.001 2002-2004
+ax William T. Takaba
Harry Kim <
Mayor ~!a 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)
October 4, 2004
The Honorable James Y. Arakaki, Chairman r
And Members of the Council
County of Hawaii
25 Aupuni 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
September 30, 2004 is correct. The closing of the $3,887,493 Public Improvement
Bonds, 2004 Series A, B and C (Improvement District No.18) on October 4, 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,
William T. Tak a
Director of Fina ce
Encls.
Comm. No.• I
Ref. To:,_,E,L
Ref. Date OCT 7004
County of Hawaii is an Equal Opportunity Prwder and Employer. Complaints of discmmnation should he sent to
USDA, Director, Office of Ciml Rights. Washington, DC 20250-9410 Or call (202) 720-5954 (Voice and Too)
COUNTY OF HAWAII
Statement of Funded Debt
September 30, 2004
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 227,733,400
(Schedule A)
b. Special Assessment Bonds $ 5,070,000
(Schedule B)
C. Other Indebtedness $ 1,060,555
(Schedule C)
d. State Revolving Fund Loans $ 28,948,337
(Schedule D)
Grand Total of Bonds Outstanding and Unpaid $ 262,812,292
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 $ 1,691,913
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 14,783,508
Reimbursable by the County
Department of Water Supply
(Schedule E)
Total Exclusions $ 31,825,821
Net Funded Debt of the County of Hawaii $ 230,986,471
September 30, 2004
SUPPORTING SCHEDULES
Statement of Funded Debt as of
September 30, 2004
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount Principal Amount General Obligation
Outstanding to be refunded by Bonds Maturing in
September 30, 2004 2004 B & C Current FY
June 15, 1977 182,000 (182,000) C 1,000
June 10, 1981 411,000 (411,000) C 26,000
December 1, 1989 500,000 500,000
May 1, 1993 49,640,000 4,415,000
February 1, 1996 22,650,000 (19,705,000) B 1,440,000
February 25, 1997 3,006,000 (3,006,000) C 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 (1,677,700) C
April 16, 2003 36,310,000 -
September 8, 2004 55,020,000
Total County General
Obligation Bonds 227,733,400 (24,981,700) 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) 1,060,555
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 238,644 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 SIPS 2,328,201 91,181
Alii Drive Interceptor E & F 1,450,184 53,133
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
28,948,337 1,691,913
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
Sept 8, 2004 424,860
15,866,908
Less Amount Already Excluded (1,083,400)
14,783,508
Harry Kim Vol, William T. Takaba
Mayor 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 30, 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
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 September 30, 2004 is submitted for your review
and concurrence. The closing of the $3,887,493 Public Improvement Bonds, 2004 Series A,
B and C (Improvement District No. 18) on October 4, 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.
r
William T. T caba
Director of Finance
Encl.
I concur/do not concur with the tabular summary of the net funded debt of the County of
Hawaii as of September 30, 2004. Reasons for non-concurrence-
Chairman, Finan e Committee V 1/64-
County County Council, County of Hawaii Date:
of Hawaii is an Equal Oppodunily Provider and Employer. Conplaints of discrimination should be sent to
USDA, Director, Once of CM Poghts, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and Too)
COUNTY OF HAWAII
Statement of Funded Debt
September 30, 2004
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 227,733,400
(Schedule A)
b. Special Assessment Bonds $ 5,070,000
(Schedule B)
C. Other Indebtedness $ 1,060,555
(Schedule C)
d. State Revolving Fund Loans $ 28,948,337
(Schedule D)
Grand Total of Bonds Outstanding and Unpaid $ 262,812,292
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 $ 1,691,913
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 14,783,508
Reimbursable by the County
Department of Water Supply
(Schedule E)
Total Exclusions $ 31,825,821
Net Funded Debt of the County of Hawaii $ 230,986,471
September 30, 2004
SUPPORTING SCHEDULES
Statement of Funded Debt as of
September 30, 2004
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount Principal Amount General Obligation
Outstanding to be refunded by Bonds Maturing in
September 30, 2004 2004 B & C Current FY
June 15, 1977 182,000 (182,000) C 1,000
June 10, 1981 411,000 (411,000) C 26,000
December 1, 1989 500,000 500,000
May 1, 1993 49,640,000 4,415,000
February 1, 1996 22,650,000 (19,705,000) B 1,440,000
February 25, 1997 3,006,000 (3,006,000) C 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 (1,677,700) C -
April 16, 2003 36,310,000 -
September 8, 2004 55,020,000 -
Total County General
Obligation Bonds 227,733,400 (24,981,700) 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) 1,060,555
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 238,644 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 1,450,184 53,133
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
28,948,337 1,691,913
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
Sept 8, 2004 424,860
15,866,908
Less Amount Already Excluded (1,083,400)
14,783,508
Harry Kim <±a x William T. Takaba
Mayor Director
Nancy E. Crawford
Deputy
Michael N. Okumoto
••,•~Oi•M~+' 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 30, 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 September 30, 2004 is submitted for your review
and concurrence. The closing of the $3,887,493 Public Improvement Bonds, 2004 Series A,
B and C (Improvement District No. 18) on October 4, 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. Tal ba
Director of Finance
Encl.
I ncu do not concur with the tabular summary of the net funded debt of the County of
Haa as of September 30, 2004. Reasons for non-concurrence:
J
Corporation Counsel
' ~J4
County of Hawaii Date:
County or Hawa~ i is an Equal Opportunity Prouder and Employer. Conplauts of discdminBlion should be sent to
USDA, Director, Office of Cm Rights. Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and TDD)
COUNTY OF HAWAII
Statement of Funded Debt
September 30, 2004
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 227,733,400
(Schedule A)
b. Special Assessment Bonds $ 5,070,000
(Schedule B)
C. Other Indebtedness $ 1,060,555
(Schedule C)
d. State Revolving Fund Loans $ 28,948,337
(Schedule D)
Grand Total of Bonds Outstanding and Unpaid $ 262,812,292
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 $ 1,691,913
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 14,783,508
Reimbursable by the County
Department of Water Supply
(Schedule E)
Total Exclusions $ 31,825,821
Net Funded Debt of the County of Hawaii $ 230,986,471
September 30, 2004
SUPPORTING SCHEDULES
Statement of Funded Debt as of
September 30, 2004
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount Principal Amount General Obligation
Outstanding to be refunded by Bonds Maturing in
September 30, 2004 2004 B & C Current FY
June 15, 1977 182,000 (182,000) C 1,000
June 10, 1981 411,000 (.411,000) C 26,000
December 1, 1989 500,000 500,000
May 1, 1993 49,640,000 4,415,000
February 1, 1996 22,650,000 (19,705,000) B 1,440,000
February 25, 1997 3,006,000 (3,006,000) C 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 (1,677,700) C -
April 16, 2003 36,310,000 -
September 8, 2004 55,020,000 -
Total County General
Obligation Bonds 227,733,400 (24,981,700) 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) 1,060,555
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 238,644 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 1,450,184 53,133
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
28,948,337 1,691,913
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
Sept 8, 2004 424,860
15,866,908
Less Amount Already Excluded (1,083,400)
14,783,508