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HomeMy WebLinkAboutCOM 0376.000 2014-2016 William P. Kenoi .--411,,°.17'JN,' Deanna S. Sako Mayor �' \-'. Director ; I',.��� Lisa K. Miura �:•pi�1:::\, ��:••' Deputy __n•r County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8092 • (808)961-8569 (FAX) V7 ©n fes- -- July 15, 2015 The Honorable Dru Kanuha, Chairman p s And Members of the Council ..= �' County of Hawaii "' 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Kanuha: 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 July 9, 2015 is correct. The issuance of a $15,000,000 bond anticipation note on July 9, 2015 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, aiL Deanna . Sako �' Director of Finance Encls. Comm. No. 3'7(O Ref. To: PL u� Ref. Date JUL 16 1015 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 o• iv or„ • Deanna S. Sako Mayor a; ����. Director ,.����' • Lisa K. Miura '*• Deputy Director County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8092• (808)961-8569(FAX) July 9, 2015 Councilmember Karen Eoff Chair, Committee on Finance Hawaii County Council 25 Aupuni Street 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 note/bond issue. The enclosed summary as of July 9, 2015 is submitted for your review and concurrence. The issuance of a $15,000,000 bond anticipation note on July 9, 2015 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. Deanna S. Sako Director of Finance Encl. jI concu Ido not concur with the tabular summary of the net funded debt of the County of Hawaii as of July 9, 2015. Reasons for non-concurrence: ipmmitteeChairman, Financ ,C County Council, County of Hawaii Date: 7, iv. i 5 County of Hawaii is an Equal Opportunity Provider and Employer. William P. Kenoi �.►17.q!p Deanna S. Sako Mayor °'yam �'�.' Director ""\�jJ . ,4:4`,,,,,'rt., Lisa K. Miura ,�,� Deputy Director .Tt F.M'.P-. County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8092 • (808)961-8569(FAX) July 9, 2015 Ms. Molly Stebbins Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 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 note/bond issue. The enclosed summary as of July 9, 2015 is submitted for your review and concurrence. The issuance of a $15,000,000 bond anticipation note on July 9, 2015 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. Deanna S. Sako Director of Finance Encl. I c ncur o not concur with the tabular summary of the net funded debt of the County of Hawaii as of July 9, 2015. Reasons for non-concurrence: 4 ...' f tai Date: 7-149//S-- Corporation /g/!S_Corporation Counsel County of H. , ail County of Hawaii is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt July 9, 2015 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 365,527,034 (Schedule A) b. State Revolving Fund Loans $ 21,552,213 (Schedule B) c Other Indebtedness (Schedule E) $ 350,542 Grand Total of Debt Outstanding & Unpaid $ 387,429,789 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 22,028,879 for the remainder of in fiscal year 2015-16 (Schedule A) b. State Revolving Fund principal maturing $ 1,406,466 for the remainder of in fiscal year 2015-16 (Schedule B) c. General Obligation Bonds $ 34,069,787 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,292,608 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 59,797,740 Net Funded Debt of the County of Hawaii $ 327,632,049 July 9, 2015 SUPPORTING SCHEDULES Statement of Funded Debt as of July 9, 2015 (Based on Records in Finance Department) Schedule A General Obligation County General Obligation Principal Amount Bonds Maturing for Bonds/Notes: Outstanding the remainder of Date of Issue July 9, 2015 FY 2015-16 September 8, 2004 $ 2,385,000 $ 2,385,000 October 20, 2004 222,818 5,005 February 23, 2006 35,460,000 2,250,000 January 30, 2007 84,300,000 7,300,000 April 28, 2008 135,216 2,656 December 10, 2008 40,935,000 2,060,000 July 28, 2010 57,385,000 2,735,000 February 12, 2013 93,535,000 5,270,000 September 19, 2013 1,169,000 21,218 *October 16, 2014 10,000,000 *February 19, 2014 10,000,000 *April 20, 2015 15,000,000 *July 9, 2015 15,000,000 Total County General Obligation Bonds $ 365,527,034 $ 22,028,879 *Notes payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2014-15 HI Cty Cesspool Conversion $ 5,105,719 $ 432,400 Queen Liliuokalani LCC Repl 7,472,535 481,008 Honokaa LCC Repl 3,045,169 177,504 Kalanianaole AISR-Phase II 5,928,790 315,554 $ 21,552,213 $ 1,406,466 SUPPORTING SCHEDULES Statement of Funded Debt as of July 9, 2015 (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 135,216 July 28, 2010 14,346,250 36,383,553 Less Amount Already Excluded in item 2a (2,313,766) $ 34,069,787 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,214,937 Less Amount Already Excluded in item 2a (70,111) 1,144,826 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,169,000 Less Amount Already Excluded in item 2a (21,218) 1,147,782 Total Reimbursable by Improvement Districts $ 2,292,608 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 350,542 *Hawai'i Housing Finance And Development Corporation