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Home My WebLink AboutCOM 0425.000 2012-2014 William P. Kenoi JMYY Oi NyY. Nancy E. Crawford Mayor ',� '. Director �i�; Deanna S. Sako • Deputy ••7TS - County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) September 5, 2013 Po rin -I The Honorable J Yoshimoto, Chairman t a-4 And Members of the Council County of Hawai'i 25 Aupuni Street N =� Hilo, Hawaii 96720 w 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 Hawai'i as of September 16, 2013 is correct. The scheduled closing of the USDA $1,169,000 Public Improvement Bond, 2013 Series A on September 19, 2013 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, A.e "Ale Nanc E. Crawfo Director of Finan I- Encls. Comm. No. z -c Ref. Ref. Date SEP 0 6ZDT3- County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: William P. Kenoi .►<- -N;;., Nancy E. Crawford Mayor • ..,`"7 \•14.; Director � ,,t,,,'� �' Deanna S. Sako Deputy Director •• •• Of Nf' County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) September 5, 2013 Mr. Lincoln Ashida Corporation Counsel County of Hawai'i 333 Kilauea Ave., Second Floor 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 scheduled closing of the USDA $1,169,000 Public Improvement Bond, 2013 Series A on September 19, 2013 requires preparation of this report. Assuming a successful closing, the enclosed summary as of September 16, 2013 is submitted for your review and concurrence. In accordance with Hawaii Revised Statutes, Section 47-C, 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 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. Nanc E. Crawf• d Director of Fina ! e Encl. I concu do not concur with the tabular summary of the net funded debt of the County of ii as of September 16, 2013. Reasons for non-concurrence: CI\N- Date: SFP 5 2013 Corporation Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: William P. Kenoi MtV Oi M1.. Nancy E. Crawford Mayor •�c°•'�- '�. Director :l 1"• ` „y � Deanna S. Sako .; � te:14. c+ Deputy Director � County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808)961-8517• (808)961-8569(FAX) September 5, 2013 Ms. Valerie Poindexter 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 scheduled closing of the USDA $1,169,000 Public Improvement Bond, 2013 Series A on September 19, 2013 requires preparation of this report. Assuming a successful closing, the enclosed summary as of September 16, 2013 is submitted for your review and concurrence. In accordance with Hawaii Revised Statutes, Section 47C-5, 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. t_,14,A. sit 4! Nanc E. Crawfor• Director of Finan•- Encl. I concur o not concur with the tabular summary of the net funded debt of the County of Hawaii as of September 16, 2013. Reasons for non-concurrence: Chairperson, Finance Committee SEP 0 5 2013 County Council, County of Hawaii Date: County of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: COUNTY OF HAWAII Statement of Funded Debt September 16, 2013 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 336,072,409 (Schedule A) b. State Revolving Fund Loans $ 20,668,591 (Schedule B) Grand Total of Debt Outstanding & Unpaid $ 356,741,000 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,033 for the remainder of fiscal year 2013-14 (Schedule A) b. State Revolving Fund principal maturing $ 781,326 for the remainder of 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 $ 1,281,930 Reimbursable by Kona Coastview & Kona Wonderview Subdivision lot owners. (Schedule D) e. General Obligation Bonds $ 794,206 Reimbursable by the Office of Housing & Community Development (Schedule E) Total Exclusions $ 41,508,753 Net Funded Debt of the County of Hawaii $ 315,232,247 September 16, 2013 SUPPORTING SCHEDULES Statement of Funded Debt as of September 16, 2013 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding remainder of Date of Issue September 16, 2013 FY 2013-14 April 16, 2003 $ - $ - September 8, 2004 6,765,000 - October 20, 2004 232,192 4,583 February 23, 2006 37,605,000 - January 30, 2007 91,285,000 - April 28, 2008 140,217 2,450 December 10, 2008 42,905,000 - July 28, 2010 60,000,000 - February 12, 2013 97,140,000 - Total County General Obligation Bonds $ 336,072,409 $ 7,033 Schedule B Principal Maturing Principal Amount for the remainder State Revolving Fund Loans: Outstanding of FY 2013-14 Waiakea Mill Pond Sewer 82,003 82,003 Kealakehe Effluent Disposal 81,854 81,854 HI Cty Cesspool Conversion 5,750,484 214,465 Queen Liliuokalani LCC Repl 8,189,381 238,239 Honokaa LCC Repl 3,243,527 86,151 Kalanianaole AISR-Phase II 3,321,342 78,614 $ 20,668,591 $ 781,326 SUPPORTING SCHEDULES Statement of Funded Debt as of September 16, 2013 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Sept 8, 2004 $ 48,888 Oct 20, 2004 232,192 Feb. 23, 2006 18,802,500 Jan. 30, 2007 4,427,494 April 28, 2008 140,217 July 28, 2010 15,000,000 38,651,291 Less Amount Already Excluded in item 2a (7,033) $ 38,644,258 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by Kona Coastview & Wonderview Subdivision lot owners. $ 1,281,930 Principal Amount Schedule E Outstanding General Obligation Bonds Reimbursable by $ 794,206 Office of Housing & Community Development (KEHP)