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Home My WebLink AboutCOM 1020.000 2004-2006 Harry Kim f of'. William T. Takaba Mayor Director Nancy E. Crawford Deputy Michael N. Okumoto hor 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) August 9, 2006 O .z ZB co 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, 2006. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, William T. Tal aba Director of Finance Encls. Comm. No. 1 0 2.0 Ref. To: FL Ref. Dote AUG 11 2006 County of Havvail is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or rail (202) 720.5904 (Voice and Too) Harry Kim .?7 ^tt.,~ William T. Takaba Mayor Director Nancy E. Crawford Deputy ' Michael N. Okumoto '+'•7. Treasurer h oi•wi'~ 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 3, 2006 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, 2006. 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. G~ V~ f William T. akaba Director of Finance Encl. I conc o not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2006. Reasons for non-concurrence: o G~ JjA Chair an, Finance Committee County Council, County of Hawaii Date: F_ 8 - 06 County of Hawal is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to'. USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or tall (202) 720 5964 (Voice and TOO) COUNTY OF HAWAII Statement of Funded Debt June 30, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 235,382,993 (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) C. Other Indebtedness $ 1,019,386 (Schedule C) d. State Revolving Fund Loans $ 26,421,526 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 267,313,905 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 13,534,424 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) C. State Revolving Fund principal $ 2,553,232 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 37,752,444 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 $ 62,217,593 Net Funded Debt of the County of Hawaii $ 205,096,312 June 30, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2006 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in June 30, 2006 FY 2006-07 May 1, 1993 40,565,000 4,900,000 June 4, 1998 686,300 13,500 September 14, 1999 25,160,000 1,375,000 September 14, 1999 2,710,000 2,710,000 July 25, 2001 21,270,000 915,000 April 16, 2003 36,310,000 1,440,000 September 8, 2004 54,535,000 2,095,000 October 4, 2004 3,887,493 82,556 October 4, 2004 259,200 3,368 February 23, 2006 50,000,000 - Total County General Obligation Bonds 235,382,993 13,534,424 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 4,490,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,019,386 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 5,244,784 694,910 Waiakea Houselots Sewer 190,098 25,187 Waiakea Mill Pond Sewer 602,676 68,987 Kealakehe Effluent Disposal 601,579 68,861 Alii Drive Interceptor A & B 1,537,828 173,943 Ainako Interceptor A & B 1,079,618 117,450 Alii Drive Interceptor C & D 2,031,078 195,781 Kalanianaole Collector Sewer 883,723 78,304 Waiaha Bay SPS 2,050,838 191,394 Alii Drive Interceptor E & F 1,288,365 111,993 Holualoa Sewer Pump Station 1,901,109 156,368 Paukaa Community Collector 1,558,118 103,564 Waiakea Houselots Phase II 3,723,065 376,278 Pahoehoe WWPS 2,298,118 126,967 Kalanianaole HISR 1,430,529 63,245 26,421,526 2,553,232 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 5,000,000 June 4, 1998 686,300 July 15, 2001 7,398,261 Sept 8, 2004 387,224 Oct 20, 2004 259,200 Feb. 23, 2006 25,000,000 38,730,985 Less Amount Already Excluded (978,541) 37,752,444 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,887,493 Harry Kim .+"•x William T. Takaba Mayor •'•.y Director Nancy E. Crawford Deputy Michael N. Okumoto ,~.ofTreasurer 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 3, 2006 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 101 Aupuni Street, Suite 325 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, 2006. 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. akaba Director of Finance Encl. concu do not concur with the tabular summary of the net funded debt of the Co of Hawaii as of June 30, 2006. Reasons for non-concurrence: Date: Corporation Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to. USDA, Director, Office of Civil Rights, Washington, DC 20250-9410 Or call (202) 720-5964 (Voice and Too) COUNTY OF HAWAII Statement of Funded Debt June 30, 2006 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 235,382,993 (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) C. Other Indebtedness $ 1,019,386 (Schedule C) d. State Revolving Fund Loans $ 26,421,526 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $ 267,313,905 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 13,534,424 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 4,490,000 (Schedule B) C. State Revolving Fund principal $ 2,553,232 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 37,752,444 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 $ 62,217,593 Net Funded Debt of the County of Hawaii $ 205,096,312 June 30, 2006 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2006 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in June 30, 2006 FY 2006-07 May 1, 1993 40,565,000 4,900,000 June 4, 1998 686,300 13,500 September 14, 1999 25,160,000 1,375,000 September 14, 1999 2,710,000 2,710,000 July 25, 2001 21,270,000 915,000 April 16, 2003 36,310,000 1,440,000 September 8, 2004 54,535,000 2,095,000 October 4, 2004 3,887,493 82,556 October 4, 2004 259,200 3,368 February 23, 2006 50,000,000 - Total County General Obligation Bonds 235,382,993 13,534,424 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) 4,490,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1,019,386 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in Current FY Hilo WWT Phase II 5,244,784 694,910 Waiakea Houselots Sewer 190,098 25,187 Waiakea Mill Pond Sewer 602,676 68,987 Kealakehe Effluent Disposal 601,579 68,861 Alii Drive Interceptor A & B 1,537,828 173,943 Ainako Interceptor A & B 1,079,618 117,450 Alii Drive Interceptor C & D 2,031,078 195,781 Kalanianaole Collector Sewer 883,723 78,304 Waiaha Bay SPS 2,050,838 191,394 Alii Drive Interceptor E & F 1,288,365 111,993 Holualoa Sewer Pump Station 1,901,109 156,368 Paukaa Community Collector 1,558,118 103,564 Waiakea Houselots Phase II 3,723,065 376,278 Pahoehoe WWPS 2,298,118 126,967 Kalanianaole HISR 1,430,529 63,245 26,421,526 2,553,232 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 5,000,000 June 4, 1998 686,300 July 15, 2001 7,398,261 Sept 8, 2004 387,224 Oct 20, 2004 259,200 Feb. 23, 2006 25,000,000 38,730,985 Less Amount Already Excluded (978,541) 37,752,444 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,887,493