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Home My WebLink AboutCOM 1146.000 2006-2008 Harry Kim Val William T. Takaba Mayor ,c;- a Director Nancy E. Crawford Deputy ••Of •Mr County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street a Hilo, Hawaii 96720 (808) 961-8351 a (808) 961-8330 (FAX) N O Cl l~ =D April 8, 2008 -n The Honorable Pete Hoffmann, Chairman 3 And Members of the Council c.o County of Hawaii a t-' 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Hoffmann: 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 March 31, 2008 is correct. The closing of the $147,000 USDA funded Andrade Camp waterline improvement loan on April 28, 2008 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 TT kaba Director of Finance Encls. Comm. No. Ref. To: Ref. Dote ~pR 8 2008 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 cell (202) 7205964 (Voice and TOO) COUNTY OF HAWAII Statement of Funded Debt March 31, 2008 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $ 299,512,041 (Schedule A) b. Special Assessment Bonds $ 3,200,000 (Schedule B) C. Other Indebtedness $ 977,305 (Schedule C) d. State Revolving Fund Loans $ 27,706,186 (Schedule D) Grand Total of Bonds Outstanding & Unpaid $ 331,395,532 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 6,639,100 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 3,200,000 (Schedule B) C. State Revolving Fund principal $ 246,039 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 35,773,542 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 $ 49,577,816 Net Funded Debt of the County of Hawaii $ 281,817,716 March 31, 2008 SUPPORTING SCHEDULES Statement of Funded Debt as of March 31, 2008 (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 395,594 14,100 September 14, 1999 2,990,000 1,455,000 July 25, 2001 3,105,000 April 16, 2003 33,400,000 September 8, 2004 49,140,000 October 4, 2004 3,719,135 October 20, 2004 252,312 February 23, 2006 48,485,000 January 30, 2007 122,360,000 Total County General Obligation Bonds $ 299,512,041 $ 6,639,100 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 3,200,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 977,305 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2007-08 Hilo WWT Phase II $ 3,837,591 Waiakea Houselots Sewer 139,094 Waiakea Mill Pond Sewer 533,689 70,711 Kealakehe Effluent Disposal 462,134 Alii Drive Interceptor A & B 1,185,071 Ainako Interceptor A & B 842,286 Alii Drive Interceptor C & D 1,635,462 Kalanianaole Collector Sewer 731,450 40,844 Waiaha Bay SIPS 1,662,692 Alii Drive Interceptor E & F 1,060,972 Holualoa Sewer Pump Station 1,664,781 81,167 Paukaa Community Collector 1,401,894 Waiakea Houselots Phase II 3,228,475 Pahoehoe WWPS 2,040,843 53,317 Kalanianaole HISR 1,327,317 HI Cty Cesspool Conversion 5,952,435 $ 27,706,186 $ 246,039 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 4,395,000 June 4, 1998 395,594 July 25, 2001 1,080,000 Sept 8, 2004 309,624 Oct 20, 2004 252,312 Feb. 23, 2006 24,242,500 Jan. 30, 2007 5,752,612 36,427,642 Less Amount Already Excluded in item 2a (654,100) $ 35,773,542 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,719,135 Harry Kim 0William T. Takaba Mayor ,c= Director Nancy E. Crawford . ` Deputy County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street a Hilo, Hawaii 96720 (808) 961-8351 a (808) 961-8330 (FAX) April 8, 2008 Mr. Dominic Yagong Chairperson, 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 March 31, 2008 is submitted for your review and concurrence. The closing of the $147,000 USDA funded Andrade Camp waterline improvement loan on April 28, 2008 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 shall 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. faw iiias do not concur with the tabular summary of the net funded debt of the County of of March 31, 2008. Reasons for non-concurrence: Chairman, Financ o ee APR 0 8 County Council, C my f awaii Date: - 2M County of Hawayi is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to USDA Director, Ofhce of Civil Rights, Washington, DC 20250-9410 Or call (202) 72O 96,1 (Voice and Too) Harry Kim William T. Takaba Mayor, Nancy E. Crawford • Deputy County of Hawaii DEPARTMENT OF FINANCE Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720 Office Located at: 891 Ululani Street a Hilo, Hawaii 96720 (808) 961-8351 a (808) 961-8330 (FAX) April 8, 2008 Mr. Lincoln Ashida Corporation Counsel County of Hawaii 101 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 March 31, 2008 is submitted for your review and concurrence. The closing of the $147,000 USDA funded Andrade Camp waterline improvement loan on April 28, 2008 requires preparation of this report. 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 shall 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. 66" - William T. aka a Director o Finance Encl. I one do not concur with the tabular summary of the net funded debt of the County of Hawaii as of March 31, 2008. Reasons for non-concurrence: r Date: APR 0 9 2008 Corporation Counsel County of Hawaii County of Hari is an Equal Opportunity Provider and Employer. Complaints of discrhnination should be sent to USDA, Diro or, Office of Civil Rights, Washington, DC 20250.9410 Or call (202) 7205964 (Voice and TDD)