HomeMy WebLinkAboutCOM 0562.000 2006-2008 ~YY Oi•~,
Harry Kim William Takaba
Mayor Dirarmr
Nancy E. Crawford
• ; Deputy Dlrecror
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yrJ
R Oi Mi
County of Hawaii
Finance Department
25 Aupuni S[ree[, Room 118 • Milo, I Iawaii 96720
(808)961-8234 Fax (808)961-8248
_ ti
L
July 26, 2007 - _
The Honorable Pete Hoffmann, Chairman
And Members of the Council '
County of Hawaii
333 Kilauea Avenue, Second Floor
Hilo, HI 96720
Dear Chairman Hoffmann:
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, 2007.
Concurrence by the Chairman of the Finance Committee and the Corporation are
attached.
Very truly yours,
l2~
William T. Taka a
Director of Finance
Encs.
Comm. No. ~ ~ Z
Rif. To, F L
A~f• Doh~IUL 2 7 2D07
Hawaii County is an equal opportunity provider and employer.
COUNTY OF HAWAII
Statement of Funded Debt
June 30, 2007
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 307,118,569
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. Other Indebtedness $ 996,093
(Schedule C)
d. State Revolving Fund Loans $ 30,246,751
(Schedule D)
Grand Total of Bonds Outstanding & Unpaid- $ 342,231,413
2. Exclusions from Grand Total:
a. General Obligation Bonds maturing $ 13,968,422
in current fiscal year
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. State Revolving Fund principal $ 2,786,604
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 36,050,749
Reimbursable by the County
Department of Water Supply
(Schedule E)
e. General Obligation Bonds $ 3,719,135
Reimbursable by Kona Coastview
& Kona Wonderview Subdivision
lot owners.
(Schedule F)
Total Exclusions $ 60,394,910
Net Funded Debt of the County of Hawaii $ 281,836,503
June 30, 2007
SUPPORTING SCHEDULES
Statement of Funded Debt as of
June 30, 2007
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount General Obligation
Outstanding Bonds Maturing in
Date of Issue June 30, 2007 FY 2007-08
May 1, 1993 $ 35,665,000 $ 5,170,000
June 4, 1998 672,800 14,100
September 14, 1999 2,990,000 1,455,000
July 25, 2001 4,060,000 955,000
April 16, 2003 34,870,000 1,470,000
September 8, 2004 52,440,000 3,300,000
October 4, 2004 3,804,937 85,802
October 20, 2004 255,832 3,520
February 23, 2006 50,000,000 1,515,000
January 30, 2007 122,360,000 -
Total County General
Obligation Bonds $ 307,118,569 $ 13,968,422
Schedule B
Special Assessment Bonds: Principal Amount
Outstanding
12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000
Schedule C
Other Indebtedness: Principal Amount
Outstanding
Kulaimano Elderly Housing
Project Mortgage (FmHA) $ 996,093
Schedule D
Principal Amount Principal Maturing
State Revolving Fund Loans: Outstanding in FY 2007-08
Hilo WWT Phase II $ 4,549,874 $ 712,283
Waiakea Houselots Sewer 164,911 25,817
Waiakea Mill Pond Sewer 533,689 70,711
Kealakehe Effluent Disposal 532,717 70,583
Alii Drive Interceptor A & B 1,363,884 178,813
Ainako InterceptorA & B 962,168 119,882
Alii Drive Interceptor C & D 1,835,297 199,835
Kalanianaole Collector Sewer 771,686 81,080
Waiaha Bay SPS 1,859,444 196,752
Alii Drive Interceptor E & F 1,176,372 115,400
Holualoa Sewer Pump Station 1,744,740 161,126
Paukaa Community Collector 1,454,555 105,978
Waiakea Houselots Phase II 3,478,981 250,506
Pahoehoe WWPS 2,171,151 130,308
Kalanianaole HISR 1,392,360 65,043
HI Cty Cesspool Conversion 6,254,922 302,487
$ 30,246,751 $ 2,786,604
Schedule E
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
May 1, 1993 $ 4,395,000
June 4, 1998 672,800
July 25, 2001 1,412,174
Sept 8, 2004 348,812
Oct 20, 2004 255,832
Feb. 23, 2006 25,000,000
Jan. 30, 2007 5,752,612
37,837,230
Less Amount Already Excluded in item 2a (1,786,481)
$ 36,050,749
Schedule F Principal Amount
Outstanding
General Obligation Bonds Reimbursable by Kona Coastview &
Kona Wonderview Subdivision lot owners. $ 3,804,937
Less Amount Already Excluded in item 2a (85,802)
$ 3,719,135
Harry Kim ~+r w WilliaD ct
Takaba
Mayor `~y~
• Nancy E. Crawford
' • Deputy
Michael N. Okumoto
Treasu2r
O~~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)
July 23, 2007
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, 2007.
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 .Takaba
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 June 30, 2007. Reasons for non-concurrence:
l/"ylt'~-~ Date: JUL 2 5 2001
Corporation Counsel
County of Hawaii
County of Hawa7i is en Equal Opportunity Pravitler antl Empbyer. Complaints of tlisrrimination shoultl be seM to:
USDA, Diredar, OKCe of Civil Rights, Washington, DC 20250.9410 Or call (202) ]20.5964 (Voice entl TDD)
COUNTY OF HAWAII
Statement of Funded Debt
June 30, 2007
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 307,118,569
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. Otherlndebtedness $ 996,093
(Schedule C)
d. State Revolving Fund Loans $ 30,246,751
(Schedule D)
Grand Total of Bonds Outstanding & Unpaid- $ 342,231,413
2. Exclusions from Grand Total:
a. General Obligation Bonds maturing $ 13,968,422
in current fiscal year
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. State Revolving Fund principal $ 2,786,604
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 36,050,749
Reimbursable by the County
Department of Water Supply
(Schedule E)
e. General Obligation Bonds $ 3,719,135
Reimbursable by Kona Coastview
& Kona Wonderview Subdivision
lot owners.
(Schedule F)
Total Exclusions $ 60,394,910
Net Funded Debt of the County of Hawaii $ 281,836,503
June 30, 2007
SUPPORTING SCHEDULES
Statement of Funded Debt as of
June 30, 2007
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount General Obligation
Outstanding Bonds Maturing in
Date of Issue June 30, 2007 FY 2007-08
May 1, 1993 $ 35,665,000 $ 5,170,000
June 4, 1998 672,800 14,100
September 14, 1999 2,990,000 1,455,000
July 25, 2001 4,060,000 955,000
April 16, 2003 34,870,000 1,470,000
September 8, 2004 52,440,000 3,300,000
October 4, 2004 3,804,937 85,802
October 20, 2004 255,832 3,520
February 23, 2006 50,000,000 1,515,000
January 30,2007 122,360,000 -
Total County General
Obligation Bonds $ 307,118,569 $ 13,968,422
Schedule B
Special Assessment Bonds: Principal Amount
Outstanding
12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000
Schedule C
Other Indebtedness: Principal Amount
Outstanding
Kulaimano Elderly Housing
Project Mortgage (FmHA) $ 996,093
Schedule D
Principal Amount Principal Maturing
State Revolving Fund Loans: Outstanding in FY 2007-08
Hilo WWT Phase II $ 4,549,874 $ 712,283
Waiakea Houselots Sewer 164,911 25,817
Waiakea Mill Pond Sewer 533,689 70,711
Kealakehe Effluent Disposal 532,717 70,583
Alii Drive Interceptor A & B 1,363,884 178,813
Ainako InterceptorA & B 962,168 119,882
Alii Drive Interceptor C & D 1,835,297 199,835
Kalanianaole Collector Sewer 771,686 81,080
Waiaha Bay SPS 1,859,444 196,752
Alii Drive Interceptor E & F 1,176,372 115,400
Holualoa Sewer Pump Station 1,744,740 161,126
Paukaa Community Collector 1,454,555 105,978
Waiakea Houselots Phase II 3,478,981 250,506
Pahoehoe WWPS 2,171,151 130,308
Kalanianaole HISR 1,392,360 65,043
HI Cty Cesspool Conversion 6,254,922 302,487
$ 30,246,751 $ 2,786,604
Schedule E
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
May 1, 1993 $ 4,395,000
June 4, 1998 672,800
July 25, 2001 1,412,174
Sept 8, 2004 348,812
Oct 20, 2004 255,832
Feb. 23, 2006 25,000,000
Jan. 30, 2007 5,752,612
37,837,230
Less Amount Already Excluded in item 2a (1,786,481)
$ 36,050,749
Schedule F Principal Amount
Outstanding
General Obligation Bonds Reimbursable by Kona Coastview &
Kona Wondenriew Subdivision lot owners. $ 3,804,937
Less Amount Already Excluded in item 2a (85,802)
$ 3,719,135
Harry Kim z. w William T. Takaba
Mayor ci=~.. % Director
Nancy E. Crawford
• Deputy
Michael N. Okumoto
~'~ry,«,N'y. TleaSUrer
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)
c..
July 23, 2007
rte,
Dominic Yagong
Chairman, Committee on Finance
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 June 30, 2007.
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. T kaba
Director of Finance
Encl.
I concur/do not concur with the tabular summary of the net funded debt of the
Co ty of Hawaii as of June 30, 2007. Reasons for non-concurrence:
U~---
Chairman, Finance c ~tte JUL 2 ~ 2007
County Council, Con o Ha aii Date:
County of Hawa7i is en Equal Opportunity Provitler antl Employer. Complanls of Oisaiminelbn ahoultl be seM to:
USOq Director, Once of Civil Rights, Wastxn9ton, DC 20250-9410 Or cell (202) 720.5964 (Voice erW TDD)
COUNTY OF HAWAII
Statement of Funded Debt
June 30, 2007
1. Total Principal Amount of County Bonds
Outstanding and Unpaid:
a. County General Obligation Bonds $ 307,118,569
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. Otherlndebtedness $ 996,093
(Schedule C)
d. State Revolving Fund Loans $ 30.246,751
(Schedule D)
Grand Total of Bonds Outstanding & Unpaid- $ 342,231,413
2. Exclusions from Grand Total:
a. General Obligation Bonds maturing $ 13,968,422
in current fiscal year
(Schedule A)
b. Special Assessment Bonds $ 3,870,000
(Schedule B)
c. State Revolving Fund principal $ 2,786,604
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds $ 36,050,749
Reimbursable by the County
Department of Water Supply
(Schedule E)
e. General Obligation Bonds $ 3,719,135
Reimbursable by Kona Coastview
& Kona Wonderview Subdivision
lot owners.
(Schedule F)
Total Exclusions $ 60,394,910
Net Funded Debt of the County of Hawaii $ 281,836,503
June 30, 2007
SUPPORTING SCHEDULES
Statement of Funded Debt as of
June 30, 2007
(Based on Records in Finance Department)
Schedule A
County General Obligation Bonds: Principal Amount General Obligation
Outstanding Bonds Maturing in
Date of Issue June 30, 2007 FY 2007-08
May 1, 1993 $ 35,665,000 $ 5,170,000
June 4, 1998 672,800 14,100
September 14, 1999 2,990,000 1,455,000
July 25, 2001 4,060,000 955,000
April 16, 2003 34,870,000 1,470,000
September 8, 2004 52,440,000 3,300,000
October 4, 2004 3,804,937 85,802
October 20, 2004 255,832 3,520
February 23, 2006 50,000,000 1,515,000
January 30, 2007 122,360,000 -
Total County General
Obligation Bonds $ 307,118,569 $ 13,968,422
Schedule B
Special Assessment Bonds: Principal Amount
Outstanding
12/27/01 Kaloko Subdivision Refunding (17) $ 3,870,000
Schedule C
Other Indebtedness: Principal Amount
Outstanding
Kulaimano Elderly Housing
Project Mortgage (FmHA) $ 996,093
Schedule D
Principal Amount Principal Maturing
State Revolving Fund Loans: Outstanding in FY 2007-08
Hilo WWT Phase II $ 4,549,874 $ 712,283
Waiakea Houselots Sewer 164,911 25,817
Waiakea Mill Pond Sewer 533,689 70,711
Kealakehe EfFluent Disposal 532,717 70,583
Alii Drive Interceptor A & B 1,363,884 178,813
Ainako Interceptor A & B 962,168 119,882
Alii Drive Interceptor C & D 1,835,297 199,835
Kalanianaole Collector Sewer 771,686 81,080
Waiaha Bay SPS 1,859,444 196,752
Alii Drive Interceptor E & F 1,176,372 115,400
Holualoa Sewer Pump Station 1,744,740 161,126
Paukaa Community Collector 1,454,555 105,978
Waiakea Houselots Phase II 3,478,981 250,506
Pahoehoe WWPS 2,171,151 130,308
Kalanianaole HISR 1,392,360 65,043
HI Cty Cesspool Conversion 6,254,922 302,487
$ 30,246,751 $ 2,786,604
Schedule E
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
May 1, 1993 $ 4,395,000
June 4, 1998 672,800
July 25, 2001 1,412,174
Sept 8, 2004 348,812
Oct 20, 2004 255,832
Feb. 23, 2006 25,000,000
Jan. 30, 2007 5,752,612
37,837,230
Less Amount Already Excluded in item 2a (1,786,481)
$ 36,050,749
Schedule F Principal Amount
Outstanding
General Obligation Bonds Reimbursable by Kona Coastview &
Kona Wonderview Subdivision lot owners. $ 3,804,937
Less Amount Already Excluded in item 2a (85,802)
$ 3,719,135