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Home My WebLink AboutCOM 0347.000 2012-2014 William P. Kenoi �M<.�F M;;.. Nancy E. Crawford Mayor �: �� Director A-1:4 Deanna S. Sako nes Deputy t County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8517 • (808)961-8569(FAX) July 15, 2013 on c ° VI • -< The Honorable J. Yoshimoto, Chairman rn And Members of the Council 4? N ›.= County of Hawai'i — 25 Aupuni Street Hilo, Hawai'i 96720 Dear Chairman Yoshimoto: 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, 2013. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Nancy . Crawford 1 Director of Finance Encls. Comm. No. 3 LI 7 Ref. To: Ref. Date Ali 1 5 County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: William P. Kenoi OF h Nancy E. Crawford Mayor .',�;^ '�. Director • `,,,„y; Deanna S. Sako �� r�* Deputy Director •••,,•••.,E OF'MF•� County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8517• (808)961-8569 (FAX) July 10, 2013 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, 2013. 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. L._ Nanc E. CrawforI, Director of Financ- Encl. conc /do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of June 30, 2013. Reasons for non-concurrence: gli/t/---,....z., Corporation Counsel JUL 1 1 2013 County of Hawaii Date: County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: William P. Kenoi ;,!! Nancy E. Crawford Mayor C°.•',� ��'�. • Director• Deanna S. Sako Deputy Director County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8517• (808)961-8569(FAX) July 10, 2013 Ms. Valerie T. Poindexter Chairperson, Finance Committee County Council County of Hawai'i Hilo, Hawai'i 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, 2013. 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 , . Crawfor: Director of Financ- Encl. I concur/ with the tabular summary of the net funded debt of the County of Hawai'i as of June 30, 2013. Reasons for non-concurrence: hairman, Finance Committee County Council, County of Hawai'i Date: 7/1-21/-3 County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: COUNTY OF HAWAII Statement of Funded Debt June 30, 2013 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 354,337,409 (Schedule A) b. State Revolving Fund Loans $ 21,206,283 (Schedule B) Grand Total of Debt Outstanding & Unpaid $ 375,543,692 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 18,272,033 in fiscal year 2013-14 (Schedule A) b. State Revolving Fund principal $ 1,319,017 maturing in fiscal year 2013-14 (Schedule B) c. General Obligation Bonds $ 38,644,258 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 1,335,892 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule D) e. General Obligation Bonds $ 740,587 Reimbursable by the Office of Housing & Community Development (Schedule E) Total Exclusions $ 60,311,787 Net Funded Debt of the County of Hawaii $ 315,231,905 June 30, 2013 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2013 (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, 2013 FY 2013-14 April 16, 2003 $ 1,795,000 $ 1,795,000 September 8, 2004 10,940,000 4,175,000 October 20, 2004 232,192 4,583 February 23, 2006 39,650,000 2,045,000 January 30, 2007 97,965,000 6,680,000 April 28, 2008 140,217 2,450 December 10, 2008 44,790,000 1,885,000 July 28, 2010 60,000,000 - February 12, 2013 98,825,000 1,685,000 Total County General Obligation Bonds $ 354,337,409 $ 18,272,033 Schedule B Principal Amount Principal Maturing State Revolving Fund Loans: Outstanding in FY 2013-14 Waiakea Mill Pond Sewer 82,003 82,003 Kealakehe Effluent Disposal 81,854 81,854 HI Cty Cesspool Conversion 5,964,174 428,156 Queen Liliuokalani LCC Repl 8,427,367 476,224 Honokaa LCC Repl 3,329,543 172,166 Kalanianaole AISR-Phase II 3,321,342 78,614 $ 21,206,283 $ 1,319,017 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2013 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Sept 8, 2004 $ 95,836 Oct 20, 2004 232,192 Feb. 23, 2006 19,825,000 Jan. 30, 2007 4,886,590 April 28, 2008 140,217 July 28, 2010 15,000,000 40,179,835 Less Amount Already Excluded in item 2a (1,535,577) $ 38,644,258 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Wonderview Subdivision lot owners. $ 1,374,931 Less Amount Already Excluded in item 2a (39,039) $ 1,335,892 Schedule E Principal Amount Outstanding General Obligation Bonds Reimbursable by Office of Housing & Community Development (KEHP) $ 811,820 Less Amount Already Excluded in item 2a (71,233) $ 740,587