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Home My WebLink AboutCOM 0582.000 2014-2016 William P. Willi • vi os p Deanna S. Sako Mayor cR';�;L ` '% Director �.,tf.,,%�:.•' Lisa K. Miura `,—Oto • Deputy ••,,,'•144E.g.N'I'--. County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8092 • (808)961-8569(FAX) rJ l '.J1 C) : c^l e"7 J'_ December 3, 2015 The Honorable Dru Kanuha, Chairman iv And Members of the Council ►v ' - 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 November 25, 2015 is correct. The issuance of a $10,000,000 bond anticipation note on November 25, 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, Deanna S. Sako Director of Finance Encls. Comm. No. SS-2— Ref. SZRef. To: C- 11CouRef. Date DEC 15 nit- County nty of Hawaii is an Equal Opportunity Provider and Employer. Complaints of discrimination should be sent to: USDA.Director.Office of Civil Riahts.Washington,DC 20250-9410 Or call(202)720-5964(Voice and TDD) William P. Kenoi —,,i;�Y.4!%;y;., Deanna S. Sako Mayor ce'y(., '% Director + ��,,,,'�'�.4'�, Lisa K. Miura • z,�I Deputy Director County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808)961-8092• (808)961-8569(FAX) December 2, 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 November 25, 2015 is submitted for your review and concurrence. The issuance of a $10,000,000 bond anticipation note on November 25, 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. brobialArivit Deanna S. Sako Director of Finance Encl. 6 concur do not concur with the tabular summary of the net funded debt of the County of Hawaii as of November 25, 2015. Reasons for non-concurrence: (Thea}t...2.--ru,/ (;(2r-' I--- Chairman, Finance 'Committee County Council, County of Hawaii Date: i a • a . 16' County of Hawai'i is an Equal Opportunity Provider and Employer. William P. Kenoi ....e...°-oN,� Deanna S. Sako Mayor ��1',..' Director ,,i..y' Lisa K. Miura •�' , ' ' Deputy Director f,TE OF'MF'e.: County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8092 • (808)961-8569(FAX) December 2, 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 November 25, 2015 is submitted for your review and concurrence. The issuance of a $10,000,000 bond anticipation note on November 25, 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. iNtYet, Deanna S. Sako Director of Finance Encl. I conc do not concur with the tabular summary of the net funded debt of the County of Hawaii as of November 25, 2015. Reasons for non-concurrence: Wek Date: /zl2116- - Corpora fin Counsel County of Hawaii County of Hawai'i is an Eoual O000rtunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt November 25, 2015 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 356,235,811 (Schedule A) b. State Revolving Fund Loans $ 20,849,605 (Schedule B) c Other Indebtedness (Schedule E) $ 326,478 Grand Total of Debt Outstanding & Unpaid $ 377,411,894 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 2,737,656 for the remainder of fiscal year 2015-16 (Schedule A) b. State Revolving Fund principal maturing $ 703,859 for the remainder of fiscal year 2015-16 (Schedule B) c. General Obligation Bonds $ 34,069,788 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 $ 39,803,911 Net Funded Debt of the County of Hawai'i $ 337,607,983 November 25, 2015 SUPPORTING SCHEDULES Statement of Funded Debt as of November 25, 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 November 25, 2015 FY 2015-16 October 20, 2004 $ 217,813 $ - February 23, 2006 33,210,000 - January 30, 2007 77,000,000 - April 28, 2008 135,216 2,656 December 10, 2008 38,875,000 - July 28, 2010 57,385,000 2,735,000 February 12, 2013 88,265,000 - September 19, 2013 1,147,782 - *October 16, 2014 10,000,000 *February 19, 2015 10,000,000 *April 30, 2015 15,000,000 *July 9, 2015 15,000,000 *November 25, 2015 10,000,000 Total County General Obligation Bonds $ 356,235,811 $ 2,737,656 *Notes payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2015-16 HI Cty Cesspool Conversion $ 4,889,864 $ 216,546 Queen Liliuokalani LCC Repl 7,232,182 240,656 Honokaa LCC Repl 2,956,467 88,802 Kalanianaole AISR-Phase II 5,771,092 157,855 $ 20,849,605 $ 703,859 SUPPORTING SCHEDULES Statement of Funded Debt as of November 25, 2015 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Oct 20, 2004 $ 217,813 Feb. 23, 2006 16,605,000 Jan. 30, 2007 3,451,915 April 28, 2008 135,216 July 28, 2010 14,346,250 34,756,194 Less Amount Already Excluded in item 2a (686,406) $ 34,069,788 Principal Amount Schedule D Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,144,826 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 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 $ 326,478 *Hawai`i Housing Finance And Development Corporation