HomeMy WebLinkAboutCOM 0745.000 2008-2010•
•
William P Kenoi
Mayor
March 2, 2010
Very truly yours,
Nancy E. Crawford
Director of Finance
Encls.
County of Hawaii
DEPARTMENT OF FINANCE
Mailing Address: 25 Aupuni Street, Room 118 • Hilo, Hawaii 96720
Office Located at: 891 Ululani Street • Hilo, Hawaii 96720
(808) 961 -8303 • (808) 961 -8946 (FAX)
The Honorable J Yoshimoto, Chairman
And Members of the Council
County of Hawaii
25 Aupuni Street
Hilo, Hawaii 96720 -
Dear Chairman Yoshimoto:
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
February 28, 2010 is correct. The closing of $15,000,000.00 bond anticipation
notes on February 25, 2010 requires preparation of this report.
Concurrence to the supplemental summary of the Chairman of the Finance
Committee and the Corporation Counsel are also attached.
County of Hawaii is an Equal Opportunity Provider and Employer Complaints of discrimination should be sent to
Nancy E Crawford
Director
Deanna S. Sako
Deputy
Comfn. riZ3, T C
Ref. To:
Ref. Dote MAR 0 4 Ztltl➢
1. Total Principal Amount of County Debt
Outstanding and Unpaid:
COUNTY OF HAWAII
Statement of Funded Debt
February 28, 2010
a. County General Obligation Bonds $ 327,921,345
(Schedule A)
b. Special Assessment Bonds $ 1,715,000
(Schedule B)
Other Indebtedness $ 925,192
(Schedule C)
d. State Revolving Fund Loans $ 24,190,564
(Schedule D)
Grand Total of Debt Outstanding & Unpaid $ 354,752,101
Exclusions from Grand Total:
a. General Obligation Bonds maturing $ 5,761,500
in current fiscal year
(Schedule A)
b. Special Assessment Bonds $ 1,715,000
(Schedule B)
c. State Revolving Fund principal $ 531,789
maturing in current fiscal year
(Schedule D)
d. General Obligation Bonds
Reimbursable by the_County
Department of Water Supply
(Schedule E)
e. General Obligation Bonds
Reimbursable by Kona Coastview
& Kona Wonderview Subdivision
lot owners.
(Schedule F)
Total Exclusions
Net Funded Debt of the County of Hawaii
February 28, 2010
$ 31,995,311
$ 3,228,054
$ 43,231,654
$ 311,520,447
Schedule A
Schedule B
Total County General
Obligation Bonds
Other Indebtedness:
SUPPORTING SCHEDULES
Statement of Funded Debt as of
February 28, 2010
(Based on Records in Finance Department)
General Obligation
County General Obligation Principal Amount Bonds Maturing in
Bonds /Notes: Outstanding for the remainder
Date of Issue February 28, 2010 of FY 2009 -10
May 1, 1993 $ 25,035,000 $ 5,755,000
June 4, 1998 271,500 6,500
July 25, 2001 1,080,000
April 16, 2003 30,345,000
September 8, 2004 42,175,000
October 4, 2004 3,228,054
October 20, 2004 244,791
February 23, 2006 45,215,000
January 30, 2007 115,180,000
April 28, 2008 147,000 -
December 10, 2008 50,000,000
February 25, 2010 15,000,000
Special Assessment Bonds:
12/27/01 Kaloko Subdivision Refunding (17)
Schedule C
$ 327,921,345 $ 5,761,500
Principal Amount
Outstanding
$ 1,715,000
Principal Amount
Outstanding
Kulaimano Elderly Housing
Project Mortgage (FmHA) $ 925,192
Schedule D
State Revolving Fund Loans:
Hilo WWT Phase II
Waiakea Houselots Sewer
Waiakea Mill Pond Sewer
Kealakehe Effluent Disposal
Alii Drive Interceptor A & B
Ainako Interceptor A & B
Alii Drive Interceptor C & D
Kalanianaole Collector Sewer
Waiaha Bay SPS
Alii Drive Interceptor E & F
Holualoa Sewer Pump Station
Paukaa Community Collector
Waiakea Houselots Phase!!
Pahoehoe WWPS
Kalanianaole HISR
HI Cty Cesspool Conversion
Schedule E
General Obligation Bonds Reimbursable
by the County Department of Water Supply:
May 1, 1993
June 4, 1998
July 25, 2001
Sept 8, 2004
Oct 20, 2004
Feb. 23, 2006
Jan. 30, 2007
April 28, 2008
Less Amount Already Excluded in item 2a
Schedule F
Principal Amount
Outstanding
$ 2,359,160
85,508
390,499
315,632
812,290
595,024
1,223,292
564,336
1,252,512
881,254
1,332,685
1,184,711
2,707,583
1,769,889
1,270,044
7,446,145
$ 24,190,564
$ 3,085,000
271,500
375,652
227,756
244,791
22,607,500
5,752,612
147,000
32,711,811
(716,500)
$ 31,995,311
Principal Maturing
in FY 2009 -10
$ 74,291
43,367
61,724
86,182
55,959
210,266
$ 531,789
Principal Amount
Outstanding
General Obligation Bonds Reimbursable by Kona Coastview &
Kona Wonderview Subdivision lot owners. $ 3,228,054
William P Kenai
Mayor
February 25, 2010
Mr. Dennis Onishi
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 February 28, 2010 is submitted for your review
and concurrence. The closing of a $15,000,000 in bond anticipation notes on February 25,
2010 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.
-(tA
Nancy E. Crawford
Director of Finance
Encl.
County of Hawaii
DEPARTMENT OF FINANCE
25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720
(808) 961 -8517 • (808) 961 -8569 (FAX)
Nancy E. Crawford
Director
Deanna S. Sako
Deputy Director
1 concur/ with the tabular summary of the net funded debt of the County of
Hawaii as of February 28, 2010. Reasons for non - concurrence:
Chairman, Finance Committee
County Council, County of Hawaii
Date: 2 1 ' t (0
County of Hawaii is an Equal Opportunity Provider and Employer Complaints of discnmmat,an should be sent to
William P. Kenoi
Mayor
February 25, 2010
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 February 28, 2010 is submitted for your review
and concurrence. The closing of $15,000,000 in bond anticipation notes on February 25,
2010 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.
Nancy E. Crawford
Director of Finance
Encl.
Corporation Counsel
County of Hawaii
County of Hawaii
DEPARTMENT OF FINANCE
25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720
(808) 961 • (808) 961 (FAX)
Nancy E. Crawford
Director
Deanna S. Sako
Deputy Director
I one do not concur with the tabular summary of the net funded debt of the County of
Hawaii as RI February 28, 2010. Reasons for non - concurrence:
Date:
i L U hJ
County of Hawaii is an Equal Opportunity Provider and Employer Complaints of discrimination should be sent la