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Home My WebLink AboutCOM 0280.000 2010-2012 William P. Kenoi o�rtrlq�............ Nancy E. Crawford Mayor 'o,•',� ,1.,: . Director Deanna S. Sako •..�t Deputy •..k41 Of'N►'� County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961-8517 • (808) 961-8569(FAX) ^• i1 o $ �- C r-- r July 19, 2011 The Honorable Dominic Yagong, Chairman And Members of the Council County of Hawai'i 25 Aupuni Street Hilo, Hawai'i 96720 Dear Chairman Yagong: Pursuant to Chapter 47C, Hawai'i Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawai'i as of June 30, 2011. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, &Vag& Nancy I . Crawford Director of Finance Encls. Comm• No. Z 20 Ref. To; =. Ref. D County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to �e��■ �O�� USDA,Director,Office of Civil Rights,Washington,DC 20250-9410 Or call(202)720-5964(Voice and TDD) William P. Kenoi +<�o�Mme_ Nancy E. Crawford Mayor ��.\� Director ..� �_\• Deanna S. Sako Deputy Director -•t•r County of Hawai'i DEPARTMENT OF FINANCE ti 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 r-A (808)961-8517• (808)961-8569(FAX) July 5, 2011 ; c Councilperson Brenda Ford , rn Chairperson, Finance Committee County Council r , County of Hawai'i Hilo, Hawai'i 96720 i~» Pursuant to the provisions of Chapter 47C, Hawai'i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai'i as of June 30, 2011. 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 therefore. 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. , an., E. Crawf• • Director of Fina •- Encl. concur not concur with the tabular summary of the net funded debt of the County of awai'i as of June 30, 2011. Reasons for non-concurrence: Chairman, Finance Committee County Council, County of Hawai'i Date: 7' '. // 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 call(202)720-5964(Voice and TDD) William P. Kenoi +<y,o=N Nancy E. Crawford Mayor /�1:- ... Director / ; ,;,,\' `� Deanna S. Sako . `.�� %'�'F '`. Deputy Director •r Me+• ` T�os N►'M p_. County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8517• (808)961-8569(FAX) July 6, 2011 Mr. Lincoln Ashida Corporation Counsel County of Hawai'i 101 Aupuni Street Hilo, Hawaii 96720 Pursuant to the provisions of Chapter 47C, Hawai'i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai'i as of June 30, 2011. 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 therefore. 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. '' T Li.:..........talt Nancy 1. Crawford Director of Finance rEll.cl. concu do not concur with the tabular summary of the net funded debt of the County of awai'i as of June 30, 2011. Reasons for non-concurrence: U Corporation Counsel JUL - 6-2011 County of Hawaii Date: : - 6 .2011 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 call(202)720-5964(Voice and TDD) COUNTY OF HAWAII Statement of Funded Debt June 30, 2011 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds/ $ 356,222,299 Notes (Schedule A) b. Other Indebtedness $ 884,232 (Schedule B) c. State Revolving Fund Loans $ 36,555,265 (Schedule C) Grand Total of Debt Outstanding & Unpaid $ 393,661,796 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 31,684,906 in fiscal year 2010-11 (Schedule A) b. State Revolving Fund principal $ 10,806,777 maturing in fiscal year 2010-11 (Schedule C) c. General Obligation Bonds $ 42,481,175 Reimbursable by the County Department of Water Supply (Schedule D) d. General Obligation Bonds $ 3,073,245 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule E) Total Exclusions $ 88,046,103 Net Funded Debt of the County of Hawaii $ 305,615,693 June 30, 2011 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2011 (Based on Records in Finance Department) Schedule A County General Obligation Principal Amount General Obligation Bonds/Notes: Outstanding Bonds Maturing in Date of Issue June 30, 2011 FY 2011-12 May 1, 1993 $ 13,200,000 $ 6,420,000 April 16, 2003 28,735,000 1,665,000 September 8, 2004 38,500,000 3,820,000 October 4, 2004 3,131,694 58,449 October 20, 2004 240,775 4,197 February 23, 2006 43,450,000 1,855,000 January 30, 2007 110,485,000 6,125,000 April 28, 2008 144,830 2,260 December 10, 2008 48,335,000 1,735,000 July 28, 2010 60,000,000 March 2, 2011 10,000,000 10,000,000 Total County General Obligation Bonds/Notes $ 356,222,299 $ 31,684,906 Notes payable Schedule B Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 884,232 Schedule C Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2011-12 Hilo WWT Phase II $ 1,592,109 $ 786,227 Waiakea Houselots Sewer 57,706 28,497 Waiakea Mill Pond Sewer 240,059 78,052 Kealakehe Effluent Disposal 239,622 77,910 Alii Drive Interceptor A & B 618,036 199,691 Ainako Interceptor A & B 467,540 130,124 Alii Drive Interceptor C & D 1,010,785 216,908 Kalanianaole Collector Sewer 432,260 91,408 Waiaha Bay SPS 1,038,770 219,725 Alii Drive Interceptor E & F 693,271 130,100 Holualoa Sewer Pump Station 1,070,217 181,651 Paukaa Community Collector 1,014,909 116,525 Waiakea Houselots Phase II 2,436,822 277,881 Pahoehoe WWPS 1,629,045 144,548 Kalanianaole HISR 1,195,693 76,126 HI Cty Cesspool Conversion 6,814,095 423,829 Queen Liliuokalani LCC Repl 9,852,797 1,476,046 Komohana Heights LCC Repl 1,085,800 1,085,800 Honokaa LCC Repl 5,065,729 5,065,729 $ 36,555,265 $ 10,806,777 Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 1,625,000 Sept 8, 2004 185,076 Oct 20, 2004 240,774 Feb. 23, 2006 21,725,000 Jan. 30, 2007 5,752,612 April 28, 2008 144,830 July 28, 2010 15,000,000 44,673,292 Less Amount Already Excluded in item 2a (2,192,117) $ 42,481,175 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 3,131,694 Less Amount Already Excluded in item 2a (58,449) $ 3,073,245