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Home My WebLink AboutCOM 0711.000 2014-2016William P. Kenoi Mayor iii''.`,.-iw�• County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8092 . (808) 961-8569 (FAX) February 16, 2016 The Honorable Dru Kanuha, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Kanuha: Deanna S. Sako Duff Lisa K. Miura Deputy 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 February 18, 2016 is correct. The issuance of $235,765,000 in general obligation bonds on February 18, 2016 requires preparation of this report. Concurrence to the supplemental summary of the Chairperson of the Finance Committee and the Corporation Counsel are also attached. Very truly yours, A,s' () /i Deanna S. Sako Director of Finance Encls. Count, or A—1 la an Equal opomuoav Prol and Emplanecomplaint$ of aimommallon Amwo W sent to of olreaor. oms or Civil RlghrsreashAgmn oc 202509a10 Or sal (202) ]20591 (Volta and Tool Comm. No. 7n Ref. To: � Ref. Date FF��tt331166 = William P. Kenoi Deanna S. Sako Mayor �'�= Director Lisa K. Miura Deputy Director .N w�•` County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawai'i 96720 (808) 961-8092 • (808) 961-8569 (FAX) February 11, 2016 Councilmember Karen Eoff Chair, Committee on Finance Hawai'i County Council 25 Aupuni Street Hilo, Hawai'i 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 February 18, 2016 is submitted for your review and concurrence. The issuance of $235,765,000 in general obligation bonds on February 18, 2016 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. &---to'o� Deanna S. Sako Director of Finance Encl. Ioncu o not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 18, 2016. Reasons for non -concurrence: �/l.v�e..✓ s Chairman, Finance CbMmittee County Council, County of Hawaii Date: ZC,/( County or Hava... d an Equal OpitoniN`mv and Emvmyer. William P. Kenoi .lY9t+, Deanna S. Sake Mayor 3;- Director Lisa K. Miura Deputy Director •4 M County of Hawai `i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, HawaPi 96720 (808)961-8092 • (808) 961-8569 (FAX) February 11, 2016 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 February 18, 2016 is submitted for your review and concurrence. The issuance of $235,765,000 in general obligation bonds on February 18, 2016 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. 0-- /0 ri Deanna S.Sako Director of Finance Encl. I 4oncur o not concur with the tabular summary of the net funded debt of the County of Hawai'i as of February 18, 2016. Reasons for non -concurrence: &Aaa Date: Corpora n Counsel County of Hawaii Courcy of Mayor is an Equal oppdfamn v Preema, and Employer COUNTY OF HAWAII Statement of Funded Debt February 18, 2016 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 392,325,812 (Schedule A) b. State Revolving Fund Loans $ 20,362,292 (Schedule B) C Other Indebtedness (Schedule E) $ 322,353 Grand Total of Debt Outstanding & Unpaid 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 $ 216,546 for the remainder of fiscal year 2015-16 (Schedule B) C. General Obligation Bonds $ 32,276,038 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,292,610 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions Net Funded Debt of the County of Hawai'i February 18, 2016 $ 413,010,457 $ 37,522,850 $ 375,487,607 SUPPORTING SCHEDULES Statement of Funded Debt as of February 18, 2016 (Based on Records in Finance Department) Schedule A County General Obligation Bonds/Notes: Date of Issue October 20, 2004 February 23, 2006 January 30, 2007 April 28, 2008 December 10, 2008 July 28, 2010 February 12, 2013 September 19, 2013 February 18, 2016 Total County General Obligation Bonds Schedule B State Revolving Fund Loans: HI Cty Cesspool Conversion Queen Liliuokalani LCC Repl Honokaa LCC Repl Kalanianaole AISR-Phase II Principal Amount Outstanding February 18, 2016 General Obligation Bonds Maturing for the remainder of FY 2015-16 $ 217,813 $ - 2,360,000 25,095,000 - 135,216 2,656 6,835,000 - 32,505,000 2,735,000 88,265,000 - 1,147,783 235,765,000 $ 392,325,812 $ 2,737,656 Principal Amount Outstanding $ 4,889,864 6,991,526 2,867,665 5,613,237 Principal Maturing for the remainder of FY 2015-16 $ 216,546 $ 20,362,292 $ 216,546 SUPPORTING SCHEDULES Statement of Funded Debt as of February 18, 2016 (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 1,180,000 Jan. 30, 2007 3,451,915 April 28, 2008 135,216 July 28, 2010 8,126,250 February 18, 2016 19,851,250 32,962,444 Less Amount Already Excluded in item 2a (686,406) $ 32,276,038 Principal Amount Schedule D Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,144,827 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,147,783 Total Reimbursable by Improvement Districts $ 2,292,610 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) 'HHFDC Loan $ 322,353 'Hawai'i Housing Finance And Development Corporation