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Home My WebLink AboutCOM 0377.000 2014-2016 William P. Kenoi SY Of p Deanna S. Sako r Mayor �J '�, Director •. 16iTc. y'�:+' • ; •, Lisa K. Miura Deputy ,•'�,l,Tt Of N'�rr County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 o C, (808)961-8092 • (808)961-8569 (FAX) 0, July 15, 2015 VI — The Honorable Dru Kanuha, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Kanuha: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawaii as of June 30, 2015. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Deanna(S. Sako Director of Finance Encls. Comm. No. 311 Ref. To: F L Ref. Date JUL 1.6 2015 County of Hawai'i is an Equal Opportunity Provider and Employer. William P. Kenoi �tiw. Deanna S. Sako Mayor • s.* �� , •• Director Lisa K. Miura Deputy Director County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8092• (808)961-8569(FAX) . July 8, 2015 Councilmember Karen Eoff Chairperson, Finance Committee County Council County of Hawaii Hilo, Hawaii 96720 Pursuant to the provisions of Chapter 47C, Hawaii Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawaii as of June 30, 2015. 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. Deanna S. Sako Director of Finance Encl. concur o not concur with the tabular summary of the net funded debt of the County of Hawai'i as of June 30, 2015. Reasons for non-concurrence: Jedft-4.,p< Date: 1. ID. i5 Chairman, Finance ommittee County Council, County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. William P. Kenoi M;y . Deanna S. Sako Mayor ,,�,'.% Director .1?-117.'i"� Lisa K. Miura Deputy Director orf OFN►'i1 - • County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8092• (808)961-8569(FAX) July 8, 2015 Ms. Molly Stebbins Corporation Counsel County of Hawaii 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 Hawaii as of June 30, 2015. 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. Deanna S. Sako Director of Finance Encl. Ido not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2014. Reasons for non-concurrence: tWAft Date: 7 ci' /S^ Corporati•' Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June 30, 2015 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 350,527,034 (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 $ 372,429,789 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 22,028,879 in fiscal year 2015-16 (Schedule A) b. State Revolving Fund principal maturing $ 1,406,466 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 Hawai'i $ 312,632,049 June 30, 2015 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 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 June 30, 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 Total County General Obligation Bonds $ 350,527,034 $ 22,028,879 *Notes payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2015-16 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 June 30, 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