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Home My WebLink AboutCOM 0799.000 2010-2012 William P. Kenoi o�M<YlOF hi .• Nancy E. Crawford Mayor �,• �� Director • f • � Deanna S. Sako Deputy County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961-8517 • (808)961-8569 (FAX) July 23, 2012 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, 2012. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, X14 Y Nanc E�. Crawford Director of Finance Encls. Comm. No. Ref. To• L Ref. Date..JtJt 27 7!119 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 ,- p, Nancy E. Crawford Mayor % ,O•' -: �' Director +:6`,,;��'�;;f' Deanna S. Sako _ Deputy Director ••,''.•.Tf Os'M1�� County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961-8517• (808) 961-8569 (FAX) July 16, 2012 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, 2012. 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. 4,Nancy E. Crawford Director of Finance Encl. I oncuri• • not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2012. Reasons for non-concurrence: 6/M-- • Corporation Counsel JUL 17 2012 County of Hawaii Date: County of Hawai'i 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 +t�OF%,;w Nancy E. Crawford Mayor °.•';c 'o Director ..` Deanna S. Sako �� Deputy Director County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8517• (808) 961-8569 (FAX) July 16, 2012 Councilperson Brenda Ford Chairperson, Finance Committee County Council County of Hawai'i 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, 2012. 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. /0/0-41.. ,,b,Nancy E. Crawford Director of Finance Encl. I concur/d not concur with the tabular summary of the net funded debt of the County of as of June 30, 2012. Reasons for non-concurrence: Chairman, Finance Committee County Council, County of Hawai'i Date: 7- / 9- z County of Hawai'i 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, 2012 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds/ $ 357,254,674 Notes (Schedule A) b. Other Indebtedness $ 851,550 (Schedule B) c. State Revolving Fund Loans $ 29,050,625 (Schedule C) Grand Total of Debt Outstanding & Unpaid $ 387,156,850 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 22,702,907 in fiscal year 2012-13 (Schedule A) b. State Revolving Fund principal $ 3,844,662 maturing in fiscal year 2012-13 (Schedule C) c. General Obligation Bonds $ 40,179,835 Reimbursable by the County Department of Water Supply (Schedule D) d. General Obligation Bonds $ 2,729,358 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule E) Total Exclusions $ 69,456,762 Net Funded Debt of the County of Hawaii $ 317,700,088 June 30, 2012 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2012 (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, 2012 FY 2012-13 May 1, 1993 $ 6,780,000 $ 6,780,000 April 16, 2003 27,070,000 1,725,000 September 8, 2004 34,680,000 3,980,000 October 4, 2004 2,790,526 61,168 October 20, 2004 236,578 4,386 February 23, 2006 41,595,000 1,945,000 January 30, 2007 104,360,000 6,395,000 April 28, 2008 142,570 2,353 December 10, 2008 46,600,000 1,810,000 July 28, 2010 60,000,000 * March 1, 2012 25,000,000 * June 27, 2012 8,000,000 Total County General Obligation Bonds/Notes $ 357,254,674 $ 22,702,907 * Notes payable Schedule B Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (Fm HA) $ 851,550 Schedule C Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2012-13 Hilo WWT Phase II $ 805,882 $ 805,882 Waiakea Houselots Sewer 29,209 29,209 Waiakea Mill Pond Sewer 162,007 80,003 Kealakehe Effluent Disposal 161,712 79,858 Alii Drive Interceptor A & B 418,345 205,281 Ainako Interceptor A & B 337,417 132,818 Alii Drive Interceptor C & D 793,877 221,399 Kalanianaole Collector Sewer 340,851 94,190 Waiaha Bay SPS 819,045 225,876 Alii Drive Interceptor E & F 563,171 134,059 Holualoa Sewer Pump Station 888,566 187,178 Paukaa Community Collector 898,384 119,400 Waiakea Houselots Phase I I 2,158,941 285,162 Pahoehoe WWPS 1,484,497 148,333 Kalanianaole HISR 1,119,567 77,934 HI Cty Cesspool Conversion 6,390,266 426,092 Queen Liliuokalani LCC Repl 8,901,985 474,618 Honokaa LCC Repl 2,776,904 117,370 $ 29,050,625 $ 3,844,662 Schedule D General Obligation Bonds Reimbursable by the County Department of Water Supply: May 1, 1993 $ 835,000 Sept 8, 2004 141,232 Oct 20, 2004 236,578 Feb. 23, 2006 20,797,500 Jan. 30, 2007 5,328,296 April 28, 2008 142,570 July 28, 2010 15,000,000 42,481,176 Less Amount Already Excluded in item 2a (2,301,341) $ 40,179,835 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. $ 2,790,526 Less Amount Already Excluded in item 2a (61,168) $ 2,729,358