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Home My WebLink AboutCOM 1171.000 2014-2016 William P. Kenoi N; Deanna S. Sako Mayor ' ▪ " \,14; Director Lisa K. Miura Deputy • 'FT•O• F•NF,i County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8092 • (808)961-8569(FAX) G e), az O - —1 October 24, 2016 The Honorable Dru Kanuha, Chairman 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 October 6, 2016 is correct. The issuance of$30,000,000 bond anticipation notes on October 6, 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, Deanna S. Sako Director of Finance Encls. Comm,No, H 1 Ref.To: `}GL Ref.Dal Nail. 2 ) I[o 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) COUNTY OF HAWAII Statement of Funded Debt October 6, 2016 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 401,886,124 (Schedule A) b. State Revolving Fund Loans $ 26,757,213 (Schedule B) c Other Indebtedness (Schedule E) $ 302,080 Grand Total of Debt Outstanding & Unpaid $ 428,945,417 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 2,842,766 in fiscal year 2016-17 (Schedule A) b. State Revolving Fund principal maturing $ 1,084,670 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 $ 35,986,429 Net Funded Debt of the County of Hawai'i $ 392,958,988 October 6, 2016 SUPPORTING SCHEDULES Statement of Funded Debt as of October 6, 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 October 6, 2016 FY 2016-17 October 20, 2004 $ 212,583 $ - January 30, 2007 17,445,000 - April 28, 2008 132,559 2,766 December 10, 2008 4,675,000 - July 28, 2010 29,770,000 2,840,000 February 12, 2013 82,760,000 - September 19, 2013 1,125,982 - February 18, 2016 235,765,000 - *October 6, 2016 30,000,000 - Total County General Obligation Bonds $ 401,886,124 $ 2,842,766 *Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2016-17 HI Cty Cesspool Conversion $ 4,456,342 $ 217,692 Queen Liliuokalani LCC Repl 6,750,029 241,909 Honokaa LCC Repl 2,778,543 89,266 Kalanianaole AISR-Phase II 5,454,795 158,684 Kealakehe WTPAUSRP 7,317,504 377,119 $ 26,757,213 $ 1,084,670 SUPPORTING SCHEDULES Statement of Funded Debt as of October 6, 2016 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Oct 20, 2004 $ 212,583 Jan. 30, 2007 2,935,432 April 28, 2008 132,559 July 28, 2010 7,442,500 February 18, 2016 19,851,250 30,574,324 Less Amount Already Excluded in item 2a (712,766) $ 29,861,558 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 1,071,453 Less Amount Already Excluded in item 2a - 1,071,453 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,125,982 Less Amount Already Excluded in item 2a - 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 $ 302,080 *Hawai'i Housing Finance And Development Corporation William P. Kenoi ••;;NtY;eF N;; Deanna S. Sako Mayor •.c& \,leJL '% • Director '� I. Lisa K. Miura :+ Deputy Director County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8092 • (808)961-8569 (FAX) October 19, 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 October 6, 2016 is submitted for your review and concurrence. The issuance of$30,000,000 bond anticipation notes on October 6, 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. Deanna S. Sako Director of Finance Encl. con do not concur with the tabular summary of the net funded debt of the County of Hawaii as of October 6, 2016. Reasons for non-concurrence: 1.-4 Date: /0h-6/IL Corpor.•ti.n Counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. William P. KenoiJMty of M\ Deanna S. Sako Mayor •cR''� • \ Director „�— Lisa K. Miura � Deputy Director !;..41 OF. gl . County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 .+ (808) 961-8092• (808)961-8569(FAX) oh. et, October 19, 2016 Councilmember Karen Eoff Chair, Committee on Finance ''? Hawaii County Council rri 25 Aupuni Street - , j,: Hilo, Hawaii 96720kg1 -- 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 October 6, 2016 is submitted for your review and concurrence. The issuance of$30,000,000 bond anticipation notes on October 6, 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. Deanna S. Sako Director of Finance Encl. I concur/do not concur with the tabular summary of the net funded debt of the County of Hawaii as of October 6, 2016. ,zY,(0,44.0 Chairman, Finance 'ommittee County Council, County of Hawaii Date: /O• .2-1. I b County of Hawaii is an Equal Opportunity Provider and Employer.