The URL can be used to link to this page

Home My WebLink AboutCOM 0395.000 1996-1998 ~..~..-.,.y M ~ oN<r os FMK Stephen K. Yamashiro ~ Harry A. Takahashi Mayo+ ~ 7•% r-~- - ~ Director ale OF•N''~i '97 JUL 1`i Pf1 3 `9 ~~unf~r of ~ttiuttii cc• DEPARTMENT OF FINANCI~OU~ J I i ~ . ~ i 1r~d";mil 2i Aupuni Street, Room 118 Hilq Hawaii 96720-i2 i2 (808) 961-6234 Fax (808) 961-8248 July 14, 1997 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 July 1, 1997. Concurrences by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, ~I ~ Harry A. Takahashi Director of Finance Encls. APPROVED: t;ephen K. Ya ashiro Mayor Comte. Dla Ftile I(o. D Ref, rfo: ~ - Ret. Date ~UL 15 1997 r a JHy V Oi y,~ O~' _ ~ ~5 ~LI,;~;.. Stephen K. Yamashiro Harry A. Takahashi Mayor ,'.I Dir<cmr ~1~.~`.N'O 1 I ' 97 JuL 3 Fiji 3 1 `t faun#~r a~ ~ttfuttii DEPARTMENT OF FINANCE G~. ~ I COUi~ I i ~ i I/1`i'~/'~L 25 Aupuni Street, Room I l8 Hilo, Hawaii 967204232 (808) 9648234 Faz (808) 9618248 July 08, 1997 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii 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 July 1, 1997. The attached tabular summary requires concurrences 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. P1 ase call me if you have any questions. C~~-I Harry A. Takahashi Director of Finance Encl. I concur/ ~ not concur with the tabular summary of the net funded debt of the County of Hawaii as of July 1, 1997. Re for on-concurrence, if any: Chairman, finance C mittee County Council, Cou y of Hawaii Date:_ ~I~~~ ~1V Os N1 Stephen K. Yamashiro Harry A. Takahashi MaYo* Dirzctor :a• y e o:~M'~ l1,IIbilTfkl II~ ~tlflltTti DEPARTMENT OF FINANCE 2i Aupuni Street, Room Il8 Hilo, Hawaii 9fi720~42i2 (808) 961~823i Fax (808) 961-8248 July 08, 1997 Mr. Richard Wurdeman 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 suoportina schedules) of the net funded debt of the County of Hawaii as of July 1, 1997. The attached tabular summary requires concurrences 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 U-,~-,. C~c I~~ Harry A. Takahashi Director of Finance Encl. ~I c~on~e /do not concur with the tabular summary of the net funded debt of the County of Hawaii as of July 1, 1997. Rea ono on- recurrence, if any: r t° r/ Corporat on Co sej County of Hawaiill Date: •~~~'~47 -T~ COUNTY OF HAWAII Statement of Funded Debt July 1,1997 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $171,731,500 (Schedule A) b. Special Assessment Bonds 12,670,000 (Schedule B) c. Other Indebtedness 1,171,731 (Schedule C) d. State Revolving Fund Loans 29,033,331 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $214,606,562 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 5,876,000 in current fiscal year (Schedule A) b. General Obligation Bonds for 32,790,000 which full payment in moneys or securities have been irrevocably set aside (Schedule A) c. Special Assessment Bonds 12,670,000 (Schedule B) d. State Revolving Fund principal 1,379,362 maturing in current fiscal year (Schedule D) e. General Obligation Bonds 12,682,000 Reimbursable by the County Department of Water Supply (Schedule E) f. Pro Rata Share of 1978 8,064;429 Refunding Bonds for which funds are deposited in Invested Sinking Fund (Schedule F) Total Exclusions $ 73,461,791 Net Funded Debt of the County of Hawaii 141.144.771 at July 1, 1997 SUPPORTING SCHEDULES Statement of Funded Debt as of July 1, 1997 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in Julv 1, 1997 Current FY a. Advance-refunded bonds for which full payment irrevocably set aside: August 1, 1977 275,000 275,000 June 1, 1989 8,225,000 410,000 June 1, 1990 24.290,000 1,205,000 Sub-Total $32,790.000 $ 1,890,000 b. Other General Obligation Bonds: June 15, 1977 324,000 15,000 May 15, 1978 21,695,000 1,620,000 June 1, 1981 560,000 18,000 December 1, 1989 6,405,000 905,000 May 1, 1993 75,195,000 3,170,000 February 1, 1996 30,000,000 March 12, 1996 762,500 26,000 February 25, 1997 4,000.000 122,000 Sub-Total $138,941,500 $5.876,000 Total County General Obligation Bonds $171,731.500 7.766.000 Schedule B Special Assessment Bonds: Principal Amount Outstanding 8/01/91 Kaloko Subdivision (17) 12,670.000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 1.171,731 Schedule D State Revolving Fund Loans: Principal Amount Principal Maturing Outstanding In Current FY Hilo WWTP Phase II $10,783,817' $ 556,434 Waiakea Houselot Sewer 390,861 18,638 Waiakea Mill Pond Sewer 1,152,560 50,967 Kealakehe Effluent Disposal 1,150,461 51,208 Alii Drive Interceptor A & B 2,642,974 109,374 Ainako Interceptor A & B 2,027,625 85,287 Alii Drive Interceptor C & D 3,366,489 147,711 Kalanianaole Collector Sewer 1,461,809 60,081 Waiaha Bay SPS 3,129,301 97,298 Alii Drive Interceptor E & F 1,453,928 81,213 Holualoa Sewage Pump Station 1,473,506 121,151 $ 29,033,331 1,379,36 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: June 1, 1981 $ 560,000 December 1, 1989 (Refunding) 3,702,500 May 1, 1993 9,265,000 Less: Amount already excluded (845,500) 12.682.000 Schedule F Pro Rata Share of 1978 Refunding Bonds for which funds are deposited in Invested Sinking Fund: Principal Amount of Securities held in Sinking Fund $11,186,613 Interest Earnings to be realized by County on Securities in Sinking Fund 1,477,297 Sinking Fund amount set aside for payment of Refunding Bonds $12,663,910 Maximum Aggregate Sinking Fund requirement $11,186,613 Lesser of current Sinking Fund amount or Maximum Aggregate Sinking Fund requirement $11.186,61 Pro Rata Basis (Principal Outstanding of $21,695,000/Principal Outstanding plus Interest to Maturity of $8,399,400.00 72.09% Amount excluded $ 8,064,429