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Home My WebLink AboutCOM 0920.000 1996-1998 .wit rr os„ ?e... oJN,.. ~k7 Stephen K. Yamashiro Harry A. Takahashi Mayor ? ~w Director S. K. Schutte 8~. o,x x. xo:~P ~rE OF 'A - Deputy Countp of 'abuaii DEPARTMENT OF FINANCE 25 Aupuni Street. Room 118 • Hilo, Hawaii 96720-4252 (808) 961-8234 • Fax(808)961-8248 July 14, 1998 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, 1998. Concurrences by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Harry A. akahashi Director of Finance Encls. ( File No. ~N0 f3NLiz. _ JUL 1 5 1998 ..:6 ZY OF 4 Stephen K. Yamashiro Harry A. Takahashi Mayor f~ ~f Director S. K. Schutte ~re'oF ti~'~ Deputy Countp of 'WaWau DEPARTMENT OF FINANCE 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720-4252 (808) 961-8234 • Fax(808)961-8248 July 06, 1998 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 supporting schedules) of the net funded debt of the County of Hawaii as of July 1, 1998. 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. Harry A. Tacahash' Director of Finance Encl. I ncu do not c cur with the tabular summary of the net funded debt of th o 0 waii as of July 1, 1998. Reasons - rrence, if any: Corporation Counsel County of Haw i~ Date: C SV/ Zr OF OJT.... ....4 Stephen K. Yamashiro Harry A. Takahashi Mayor : • Director ~•M S. K. Schutte ?~TE OF..tt Deputy Countp of 'Wamaii DEPARTMENT OF FINANCE 25 Aupum Street, Room 118 • Hilo, Hawaii 96720-4252 (808) 961-8234 • Fax(808)961-8248 July 06, 1998 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, 1998. 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. 0 - L~' tL , , ( ~ Harry A Takahashi Directo of Finance Encl. concu-/do not concur with the tabular summary of the net funded d of the County of Hawaii as of July 1, 1998. Re ~o s for non-concurrence, if any: C airman, inance C ttee County Council, Cou t of Hawaii / q Date: COUNTY OF HAWAII Statement of Funded Debt July 1, 1998 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $164,107,500 (Schedule A) b. Special Assessment Bonds 12,255,000 (Schedule B) c. Other Indebtedness 1,159,837 (Schedule C) d. State Revolving Fund Loans 29,030,743 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $206,553.080 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,200,500 in current fiscal year (Schedule A) b. General Obligation Bonds for 30,900,000 which full payment in moneys or securities have been irrevocably set aside (Schedule A) c. Special Assessment Bonds 12,255,000 (Schedule B) d. State Revolving Fund principal 1,455,741 maturing in current fiscal year (Schedule D) e. General Obligation Bonds 12,809,000 Reimbursable by the County Department of Water Supply (Schedule E) f. Pro Rata Share of 1978 8,291,517 Refunding Bonds for which funds are deposited in Invested Sinking Fund (Schedule F) Total Exclusions $ 72 911,758 Net Funded Debt of the County of Hawaii $133,641,322 at July 1, 1998 SUPPORTING SCHEDULES Statement of Funded Debt as of July 1, 1998 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Bonds Maturing in July 1, 1998 Current FY a. Advance-refunded bonds for which full payment irrevocably set aside: June 1, 1989 7,815,000 440,000 June 1, 1990 23,085,000 1,290,000 Sub-Total $30,900,000 $ 1.730,000 b. Other General Obligation Bonds: June 15, 1977 309,000 16,000 May 15, 1978 20,075,000 1,720,000 June 1, 1981 542,000 19,000 December 1, 1989 5,500,000 900,000 May 1, 1993 72,025,000 3,305,000 February 1, 1996 30,000,000 1,075,000 March 12, 1996 736,500 27,500 February 25, 1997 3,878,000 128,500 June 4, 1998 142,000 9.500 Sub-Total $133,207,500 $7.200,500 Total County General Obligation Bonds $164.107.500 $ 8,930.500 Schedule B Special Assessment Bonds: Principal Amount outstanding 8/01/91 Kaloko Subdivision (17) $12.255.000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 1.159.837 Schedule D State Revolving Fund Loans: Principal Amount Principal Maturing Outstanding In Current FY Hilo WWTP Phase II $10,227,383 $ 570,345 Waiakea Houselot Sewer 370,693 20,672 Waiakea Mill Pond Sewer 1,097,320 56,621 Kealakehe Effluent Disposal 1,095,322 56,518 Alii Drive Interceptor A & B 2,517,648 127,034 Ainako Interceptor A & B 1,924,631 99,452 Alii Drive Interceptor C & D 3,217,478 154,395 Kalanianaole Collector Sewer 1,401,728 61,909 Waiaha Bay SPS 3,032,979 136,669 Alii Drive Interceptor E & F 1,396,414 59,399 Holualoa Sewage Pump Station 2,749.147 112.727 1030.743 1,455.741 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: June 1, 1981 $ 542,000 December 1, 1989 (Refunding) 3,250,000 May 1, 1993 8,875,000 June 4, 1998 142.000 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 2,382,801 Sinking Fund amount set aside for payment of Refunding Bonds $13,569,414 Maximum Aggregate Sinking Fund requirement $11,186,613 Lesser of current Sinking Fund amount or Maximum Aggregate Sinking Fund requirement &11,186,613 Pro Rata Basis (Principal Outstanding of $20,075,000/Principal Outstanding plus Interest to Maturity of $7,008,252.50 74.12° Amount excluded $ 8,291,517