The URL can be used to link to this page

Home My WebLink AboutCOM 0952.000 2014-2016 William P. Kenoi OF HDeanna S. Sako Mayor :° � % Director Lisa K. Miura •: ��3 .��i.' Deputy µ, 2016 2 F:: i2; S ) r County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8092 • (808)961-8569 (FAX) July 22, 2016 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, 2016. 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. Ref. To: �L Ref. Date a)UL 25 Zuin County of Hawai'i is an Equal Opportunity Provider and Employer. William P. Kenoi �M<;r. �.,; Deanna S. Sako Mayor �'�� Director ,,i,.�' Lisa K. Miura -`' `' Deputy Director ••,,'•.14 OF'Mk County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808) 961-8092• (808)961-8569 (FAX) July 20, 2016 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, 2016. 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. 1' f YliAVA-- Deanna S. Sako VDirector of Finance Encl. I concur/do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2016. Reasons for non-concurrence: c,, 4L . - :.� Date: 7 -1-1 IL Chairman, Finantommittee County Council, County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. William P. Kenoi ��<+,0,M, Deanna S. Sako Mayor �'�� ,1,; Director �. 61. ;\ Lisa K. Miura -.mar Deputy Director .1:.! Os ;:**F.`•'", County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8092• (808)961-8569(FAX) July 20, 2016 Ms. Molly Stebbins Corporation Counsel County of Hawaii 101 Aupuni Street 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, 2016. 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. kr eanna S. Sako U Director of Finance Encl. Iconcu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2016. Reasons for non-concurrence: 1 i ;�/�, Date: 71z-0� Corpo ;tion Counsel County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June 30, 2016 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 389,588,155 (Schedule A) b. State Revolving Fund Loans $ 20,145,747 (Schedule B) c Other Indebtedness (Schedule E) $ 306,205 Grand Total of Debt Outstanding & Unpaid $ 410,040,107 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 20,544,797 in fiscal year 2016-17 (Schedule A) b. State Revolving Fund principal maturing $ 1,413,590 in fiscal year 2016-17 (Schedule B) c. General Obligation Bonds $ 29,861,558 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,197,435 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 54,017,380 Net Funded Debt of the County of Hawai'i $ 356,022,727 June 30, 2016 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2016 (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, 2016 FY 2016-17 October 20, 2004 $ 217,813 $ 5,230 February 23, 2006 2,360,000 2,360,000 January 30, 2007 25,095,000 7,650,000 April 28, 2008 132,559 2,766 December 10, 2008 6,835,000 2,160,000 July 28, 2010 29,770,000 2,840,000 February 12, 2013 88,265,000 5,505,000 September 19, 2013 1,147,783 21,801 February 18, 2016 235,765,000 - Total County General Obligation Bonds $ 389,588,155 $ 20,544,797 Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2016-17 HI Cty Cesspool Conversion $ 4,673,319 $ 434,668 Queen Liliuokalani LCC Repl 6,991,526 483,407 Honokaa LCC Repl 2,867,665 178,389 Kalanianaole AISR-Phase II 5,613,237 317,126 $ 20,145,747 $ 1,413,590 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 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 132,559 July 28, 2010 7,442,500 February 18, 2016 19,851,250 32,276,037 Less Amount Already Excluded in item 2a (2,414,479) $ 29,861,558 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,144,826 Less Amount Already Excluded in item 2a (73,373) 1,071,453 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,147,783 Less Amount Already Excluded in item 2a (21,801) 1,125,982 Total Reimbursable by Improvement Districts $ 2,197,435 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 306,205 *Hawai'i Housing Finance And Development Corporation