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Home My WebLink AboutCOM 0383.000 2004-2006 Harry Kim ~?~?c.~ William T. Takaba Mayor .P,tt;~~ ~ ~ Director Nancy E. Crawford Deputy Michael N. Okumoto , •';j~ Treasurer •h'es M~ 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) " August 1, 2005 The Honorable Stacy K. Higa, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Higa: 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, 2005. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, ~ - William T. Director of finance Encls. Comm. No.~ Ref. To: L Ref. Uate nlir, 2 County of Hawai i is an Equal Opportunity Pmmtler antl Ertployer Complaints of tliscriminalion shoultl be sent to' USDA, Director, Office of Cinl Poghls, Washington DC 20250-9d10 Or call (202) ]20-5964 (Voice antl TDD) Harry Kim ~.:r.^t!;~ William T. Takaba Mayor ~ Director Nancy E. Crawford Deputy • ~ Michael N. Okumoto ?~ry.o~;w'~r~ 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 27, 2005 Virginia Isbell, Councilmember Chair, Committee on Finance 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, 2005. The attached tabular summary requires concurrence from both the Chairperson 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 ~d~-William .Takaba 0 Director of Finance Encl. I concur o not concur with the tabular summary of the net funded debt of the Coun y of Hawaii as of June 30, 2005. Reasons for non-concurrence: Chair an, Finance Committee County Council, County of Hawaii Date: ~ ~ ~ - 0 County of Hawaii is an Equal Opporlunily Provider antl Employer. Cpmplamts of tliscnminalmn shoultl be sent lo. USDA. Director, 01<ce of CrvJ Rights, Washington, DC 20250-9410 Or call (202) 720-5964 (Nome antl TDO) Harry Kim ~<?,~~N.~ William T. Takaba Mayor .P°•;~~ V~~ Director Nancy E. Crawford Depufy • Michael N. Okumoto •'h.ef,N';pi•`` 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 27, 2005 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, 2005. The attached tabular summary requires concurrence from both the Chairperson 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. Takab Director of Finan Encl. oncu do not concur with the tabular summary of the net funded debt of the of Hawaii as of June 30, 2005. Reasons for non-concurrence: Date: 7' Z 9- ~ Corporation Counsel County of Hawaii County pf Hawaii is an EQUaI Opponumly Pmmtler ana Employer. Complamis of msrnmmabon sboul0 be sent to- USDA, Drtemor, O(fce o! Gvil RiBh6s, Washing~on, DC 20250-9410 Or call (202) 720-5964 (VO¢e and TDD) COUNTY OF HAWAII Statement of Funded Debt June 30, 2005 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 196,815,993 (Schedule A) b. Special Assessment Bonds $ 5,070,000 (Schedule B) c. Otherlndebtedness $ 1,045,451 (Schedule C) d. State Revolving Fund Loans $ 28,760,503 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 231,691,947 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 11,433,000 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 5,070,000 _ (Schedule B) c. State Revolving Fund principal $ 2,372,328 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 13,730,985 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,887,493 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 36,493,806 Net Funded Debt of the County of Hawaii $ 195,198,141 June 30, 2005 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2005 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in June 30, 2005 Current FY May 1, 1993 45,225,000 4,660,000 February 1, 1996 1,505,000 1,505,000 June 4, 1998 699,300 13,000 September 14, 1999 26,460,000 1,300,000 September 14, 1999 5,300,000 2,590,000 July 25, 2001 22,150,000 880,000 April 16, 2003 36,310,000 - September 8, 2004 55,020,000 485,000 October 4, 2004 259,200 - October 4, 2004 3,887,493 - Total County General Obligation Bonds 196,815,993 11,433,000 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) 1,045,451 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 5,922,745 677,961 Waiakea Houselots Sewer 214,671 24,573 Waiakea Mill Pond Sewer 669,980 67,304 Kealakehe Effluent Disposal 668,760 67,181 Alii Drive Interceptor A & B 1,707,035 169,207 Ainako Interceptor A & B 1,194,685 115,067 Alii Drive Interceptor C & D 2,222,888 191,810 Kalanianaole Collector Sewer 926,734 76,362 Waiaha Bay SPS 2,237,020 186,182 Alii Drive Interceptor E & F 1,397,050 108,686 Holualoa Sewer Pump Station 2,052,860 151,751 Paukaa Community Collector 1,659,261 101,142 Waiakea Houselots Phase II 3,960,901 237,836 Pahoehoe WWPS 2,421,835 123,717 Kalanianaole HISR 1,504,078 73,549 28,760,503 2,372,328 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 5,570,000 June 4, 1998 699,300 July 15, 2001 7,704,348 Sept 8, 2004 424,860 Oct 4, 2004 259,200 14,657,708 Less Amount Already Excluded (926,723) 13,730,985 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,887,493