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Home My WebLink AboutCOM 0023.000 2014-2016William P. Kenoi Mayor County of Hawaii 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 C"I October 30, 2014 —4 The Honorable J Yoshimoto, Chairman ?� And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 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 Hawaii as of October 16, 2014 is correct. The issuance of a $10,000,000 bond anticipation note on October 16, 2014 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, ktt�n � (zt4t-"L4 Nancy . Crawford Director of Finance Encls. rao? 33 Ref. Comm "3 F ~ Rei>r Dah NOV 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 Too) William P. Kenoi Mayor October 22, 2014 ...v os p, County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961 -8517 • (808) 961 -8569 (FAX) Councilmember Valerie Poindexter Chair, Committee on Finance Hawaii County Council 25 Aupuni Street Hilo, Hawai'i 96720 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 note /bond issue. The enclosed summary as of October 16, 2014 is submitted for your review and concurrence. The issuance of a $10,000,000 bond anticipation note on October 16, 2014 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 yellow 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 &'L4 Nancy r. Crawford Director of Finance Encl. concu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of October 16, 2014. Reasons for non - concurrence: z 40 CX � Chairman, Finance Committee County Council, County of Hawai'i 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 Mayor October 22, 2014 County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961 -8234 • (808) 961 -8569 (FAX) Ms. Molly Stebbins Corporation Counsel County of Hawai'i 101 Aupuni Street, Unit 325 Hilo, Hawai'i 96720 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 note /bond issue. The enclosed summary as of October 16, 2014 is submitted for your review and concurrence. The issuance of a $10,000,000 bond anticipation note on October 16, 2014 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 yellow 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. K.4't' f &4A� Nancy . Crawford Directo of Finance Encl. I concur /do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of October 16, 2014. Reasons for non - concurrence: Date: Corporatio Counsel County of Hawai'i 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 October 16, 2014 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 327,782,040 (Schedule A) b. State Revolving Fund Loans $ 22,252,109 (Schedule B) c Other Indebtedness (Schedule E) $ 392,827 Grand Total of Debt Outstanding & Unpaid $ 350,426,976 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 2,617,551 for the remainder of in fiscal year 2014 -15 (Schedule A) b. State Revolving Fund principal maturing $ 699,896 for the remainder of in fiscal year 2014 -15 (Schedule B) C. General Obligation Bonds $ 36,383,553 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,021,392 Reimbursable by ID #18 & ID #19 property owners (Schedule D) Total Exclusions $ 41,722,392 Net Funded Debt of the County of Hawai'i $ 308,704,584 October 16, 2014 SUPPORTING SCHEDULES Statement of Funded Debt as of October 16, 2014 (Based on Records in Finance Department) Schedule A County General Obligation Bonds /Notes: Date of Issue September 8, 2004 October 20, 2004 February 23, 2006 January 30, 2007 April 28, 2008 December 10, 2008 July 28, 2010 February 12, 2013 September 19, 2013 *October 16, 2014 Total County General Obligation Bonds *Note payable Schedule B State Revolving Fund Loans: Principal Amount Outstanding October 16, 2014 $ 2,385,000 222,818 35,460,000 84,300,000 137,767 40,935,000 60,000,000 93,535,000 806,455 10,000,000 $ 327,782,040 Principal Amount Outstanding General Obligation Bonds Maturing for the remainder of FY 2014 -15 $ 2,551 2,615,000 $ 2,617,551 Principal Maturing for the remainder of FY 2014 -15 HI Cty Cesspool Conversion $ 5,321,249 $ 215,530 Queen Liliuokalani LCC Repl 7,711,977 239,442 Honokaa LCC Repl 3,133,523 88,354 Kalanianaole AISR -Phase II 6,085,360 156,570 $ 22,252,109 $ 699,896 SUPPORTING SCHEDULES Statement of Funded Debt as of October 16, 2014 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Oct 20, 2004 $ 222,818 Feb. 23, 2006 17,730,000 Jan. 30, 2007 3,949,269 April 28, 2008 137,767 July 28, 2010 15,000,000 37,039,854 Less Amount Already Excluded in item 2a (656,301) $ 36,383,553 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID #18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,214,937 Public Improvement Bonds Reimbursable by ID #19 Kona Ocean View Properties Subdivision lot owners. 806,455 Total Reimbursable by Improvement Districts $ 2,021,392 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 392,827 *Hawai`i Housing Finance And Development Corporation