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Home My WebLink AboutCOM 0479.000 2008-2010 William P. Kenoi Mcr^tx„~ Nancy E. Crawford Mayor F. y~tv Director Deanna S. Sako Deputy Michael N. Okumoto Treasurer County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808) 933-6212 • (808) 961-8946 (FAX) ti c. 0 ) August 7, 2009 ry? The Honorable J Yoshimoto, Chairman o And Members of the Council r J County of Hawaii 333 Kilauea Avenue, Second Floor Hilo, Hawaii 96720 Dear Chairman Yoshimoto: 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, 2009. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, 4- r.7 CC6-4~" ancy . Crawford Director of Finance Encls. Comm. T. I Ref. To: : Ref. Date Al 7 2009 County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to William P. Kenoi •?7'!x, Nancy E. Crawford Mayor Director yidv Deanna S. Sako • Deputy i Michael N. Okumoto Treasurer r•osM~ County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 0, c 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 C r G-D (808) 933-6212 (808) 961-8946 (FAX) August 6, 2009 L ~;J Councilman Dominic Yagong cn Chairman, Committee on Finance Hawaii County Council 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, 2009. 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 Michael N. Okumoto at (808) 933-6240 if you have any questions. k~_~ f, I Nancy It. Crawford 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, 2009. Reasons for non-concurrence: Chairman, Financd o i e J b l~" I County Council, Ci my waii Date: County of HaWdl l is an Equal Opportunity Provider and Employer. Complaints of discnny nation should be sent to William P. Kenoi Vol, Nancy E. Crawford Mayor Director 41'~ Deanna S. Sako Deputy Michael N. Okumoto •is i•`` Treasurer Of M~~ County of Hawaii DEPARTMENT OF FINANCE TREASURY DIVISION 101 Pauahi Street, Suite No. 5, Hilo, Hawaii 96720-4224 (808) 933-6212 (808) 961-8946 (FAX) Or, , c c- c, August 6, 2009 = Mr. Lincoln Ashida Corporation Counsel .z :aa County of Hawaii o C- 101 Aupuni Street, Suite 325 CZ Hilo, Hawaii 96720 0 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, 2009. 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 Michael N. Okumoto at (808) 933-6240 if you have any questions. Nancy E. Crawfor Director of Finance Encl. f I'conC do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2009. Reasons for non-concurrence: Date: AUG - 6 2009 Corporation Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should he sent to COUNTY OF HAWAII Statement of Funded Debt June 30, 2009 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 325,317,888 (Schedule A) b. Special Assessment Bonds $ 2,485,000 (Schedule B) C. Other Indebtedness $ 944,094 (Schedule C) d. State Revolving Fund Loans $ 26,697,288 (Schedule D) Grand Total of Debt Outstanding & Unpaid $ 355,444,270 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 18,158,042 in current fiscal year (Schedule A) b. Special Assessment Bonds $ 2,485,000 (Schedule B) C. State Revolving Fund principal $ 3,038,508 maturing in current fiscal year (Schedule D) d. General Obligation Bonds $ 31,995,312 Reimbursable by the County Department of Water Supply (Schedule E) e. General Obligation Bonds $ 3,228,054 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule F) Total Exclusions $ 58,904,916 Net Funded Debt of the County of Hawaii $ 296,539,354 June 30, 2009 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2009 (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, 2009 FY 2009-10 May 1, 1993 $ 25,035,000 $ 5,755,000 June 4, 1998 271,500 6,500 July 25, 2001 2,115,000 1,035,000 April 16, 2003 31,895,000 1,550,000 September 8, 2004 45,720,000 3,545,000 October 4, 2004 3,320,753 92,699 October 20, 2004 248,635 3,843 February 23, 2006 46,890,000 1,675,000 January 30, 2007 119,675,000 4,495,000 April 28, 2008 147,000 - December 10, 2008 50,000,000 - Total County General Obligation Bonds $ 325,317,888 $ 18,158,042 Schedule B Special Assessment Bonds: Principal Amount Outstanding 12/27/01 Kaloko Subdivision Refunding (17) $ 2,485,000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 944,094 Schedule D Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2009-10 Hilo WWT Phase II $ 3,107,502 $ 748,342 Waiakea Houselots Sewer 112,632 27,124 Waiakea Mill Pond Sewer 390,499 74,291 Kealakehe Effluent Disposal 389,788 74,156 Alii Drive InterceptorA & B 1,001,253 188,964 Ainako Interceptor A & B 719,922 124,898 Alii Drive Interceptor C & D 1,431,489 208,196 Kalanianaole Collector Sewer 607,058 86,090 Waiaha Bay SPS 1,460,433 207,921 Alii Drive Interceptor E & F 942,060 122,530 Holualoa Sewer Pump Station 1,417,585 171,081 Paukaa Community Collector 1,239,934 111,182 Waiakea Houselots Phase II 2,971,413 263,830 Pahoehoe WWPS 1,907,127 137,238 Kalanianaole HISR 1,342,663 72,619 HI Cty Cesspool Conversion 7,655,930 420,046 $ 26,697,288 $ 3,038,508 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 3,085,000 June 4, 1998 271,500 July 25, 2001 735,652 Sept 8, 2004 269,272 Oct 20, 2004 248,635 Feb. 23, 2006 23,445,000 Jan. 30, 2007 5,752,612 April 28, 2008 147,000 33,954,671 Less Amount Already Excluded in item 2a (1,959,359) $ 31,995,312 Schedule F Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. 3,320,753 Less amount already excluded in item 2a (92,699) $ 3,228,054