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Home My WebLink AboutCOM 0372.000 2010-2012William P. Kenoi Mayor 1 September 21, 2011 County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961 -8234 • (808) 961 -8569 (FAX) The Honorable Dominic Yagong, Chairman And Members of the Council County of Hawai'i 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Yagong: Nancy E. Crawford Director Deanna S. Sako Deputy In accordance with Section 47C -3, Hawaii Revised Statutes, I certify that the enclosed supplemental summary of indebtedness of the County of Hawai'i as of September 16, 2011 is correct. The closing of a $15,000,000.00 bond anticipation note on September 2, 2011 requires preparation of this report. Concurrence to the supplemental summary of the Chairperson of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, ctscirfic:f1,7/), Nancy . Cra wford Director of Finance Encls. 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) Comm. No. 37 Z Ref. To: Fc- Ref. Date QED 21 2.911 William P. Kenoi Mayor September 12, 2011 Mr. Lincoln Ashida Corporation Counsel County of Hawai'i 101 Aupuni Street Hilo, Hawaii 96720 County of Hawai' i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961 -8234 • (808) 961 -8569 (FAX) Nancy E. Crawford Director Deanna S. Sako Deputy Director 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 September 16, 2011 is submitted for your review and concurrence. The closing of $15,000,000 in bond anticipation notes on September 2, 2011 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 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. Nancy E. Crawfo Director of Financ Encl. concur o not concur with the tabular summary of the net funded debt of the County of 11 as of September 16, 2011. Reasons for non - concurrence: Corporation Counsel County of Hawai'i Date: q' /3--ta 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 Mayor September 12, 2011 County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961 -8517 • (808) 961 -8569 (FAX) Councilmember Brenda Ford Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawaii 96720 Nancy E. Crawford Director Deanna S. Sako Deputy Director rz 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 September 16, 2011 is submitted for your review and concurrence. The closing of $15,000,000 in bond anticipation notes on September 2, 2011 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. F Nancy E. Crawford Director of Finance Encl. 1 concur /do not concur with the tabular summary of the net funded debt of the County of Hawaii as of September 16, 2011. Reasons for non - concurrence: Chairman, Finance Committee County Council, County of Hawaii Date: q.- /.5-1/ 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 September 16, 2011 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds/ $ 356,022,299 Notes (Schedule A) b. Other Indebtedness $ 878,880 (Schedule B) c. State Revolving Fund Loans $ 35,416,217 (Schedule C) Grand Total of Debt Outstanding & Unpaid $ 392,317,396 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 6,484,906 in fiscal year 2011 -12 (Schedule A) b. State Revolving Fund principal $ 9,667,729 maturing in fiscal year 2011 -12 (Schedule C) c. General Obligation Bonds $ 42,481,176 Reimbursable by the County Department of Water Supply (Schedule D) d. General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule E) $ 3,073,245 Total Exclusions $ 61,707,056 Net Funded Debt of the County of Hawaii $ 330,610,340 September 16, 2011 SUPPORTING SCHEDULES Statement of Funded Debt as of September 16, 2011 (Based on Records in Finance Department) Schedule A County General Obligation Bonds /Notes: Date of Issue May 1, 1993 April 16, 2003 September 8, 2004 October 4, 2004 October 20, 2004 February 23, 2006 January 30, 2007 April 28, 2008 December 10, 2008 July 28, 2010 * September 2, 2011 Total County General Obligation Bonds /Notes Notes payable Schedule B Other Indebtedness: Principal Amount Outstanding September 16, 2011 General Obligation Bonds Maturing in FY 2011 -12 $ 13,200,000 $ 6,420,000 27,070,000 34,680,000 3,131,694 58,449 240,775 4,197 41,595,000 104,360,000 144,830 2,260 46,600,000 60,000,000 25,000,000 $ 356,022,299 $ 6,484,906 Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) $ 878,880 Schedule C State Revolving Fund Loans: Principal Amount Principal Maturing 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 518,879 100,535 Ainako Interceptor A & B 402,812 65,395 Alii Drive Interceptor C & D 902,887 109,009 Kalanianaole Collector Sewer 432,260 91,408 Waiaha Bay SPS 929,666 110,621 Alii Drive Interceptor E & F 628,709 65,538 Holualoa Sewer Pump Station 1,070,217 181,651 Paukaa Community Collector 1,014,909 116,525 Waiakea Houselots Phase II 2,298,533 139,592 Pahoehoe WWPS 1,557,072 72,575 Kalanianaole HISR 1,157,742 38,175 HI Cty Cesspool Conversion 6,602,547 212,281 Queen Liliuokalani LCC Repl 9,618,959 1,242,209 Komohana Heights LCC Repl 1,085,800 1,085,800 Honokaa LCC Repl 5,065,729 5,065,729 $ 35,416,217 $ 9,667,729 Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 1,625,000 Sept 8, 2004 141,232 Oct 20, 2004 240,775 Feb. 23, 2006 20,797,500 Jan. 30, 2007 5,328,296 April 28, 2008 144,830 July 28, 2010 15, 000, 000 43,277,633 Less Amount Already Excluded in item 2a (796,457) $ 42,481,176 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