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Home My WebLink AboutCOM 0380.000 2016-2018 Harry Kim OF y, Collins K. Tomei Mayor �:'c: � ��•` Director Deanna S. Sako •+: ;„•.. :t" Deputy .r o '!%. County of Hawai i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808) 961-8569 (FAX) o E'7 CDC'? • c.p:c.. 2 .._ CD July 21, 2017 >.rn y The Honorable Valarie T. Poindexter, Chairwoman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairwoman Poindexter: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawai`i as of June 30, 2017. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, Collins K. Tomei Director of Finance Enols. Comm. IO. 330 Ref. Tog C- Refs Date 21 2 • County of Hawaii 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) Harry Kim atY of%+..' Collins K. Tomei Mayor `�:' ,� ...' Director eV" Deanna S. Sako ' '` Deputy Director •• +pay' .fir;:''r`� • County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8234• (808) 961-8569 (FAX) July 18, 2017 Councilmember Maile David Chair, Committee on Finance Hawaii County Council 25 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, 2017. 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. Collins K. Tomei Director of Finance Encl. J( ncu)do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2017. Reasons for non-concurrence: Vis% . Date: 717-- e/ 7 Chairwoman, ina - ommittee County Council, County of Hawaii County of Hawai'i is an Equal Opportunity Provider and Employer. Harry Kim Coffins K. Tomei Mayor L.� '�. Director ,,,. '� Deanna S. Sako ' �' ' *• Deputy Director County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808) 961-8569(FAX) July 18, 2017 Mr. Joseph K. Kamelamela Corporation Counsel County of Hawaii 101 Aupuni Street, Unit 325 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, 2017. 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. Collins K. Tomei Director of Finance Encl. I oncu do not concur with the tabular summary of the net funded debt of the County of Hawaii as of June 30, 2017. Reasons for non-concurrence: I Date: 7 /2 b/ ( Corp�ati'dCounsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June 30, 2017 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 428,843,358 (Schedule A) b. State Revolving Fund Loans $ 32,625,279 (Schedule B) c Other Indebtedness (Schedule E) $ 272,902 Grand Total of Debt Outstanding & Unpaid $ 461,741,539 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 24,575,746 in fiscal year 2017-18 (Schedule A) b. State Revolving Fund principal maturing $ 2,107,093 in fiscal year 2017-18 (Schedule B) c. General Obligation Bonds $ 27,472,111 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 2,098,247 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 56,253,197 Net Funded Debt of the County of Hawai'i $ 405,488,342 June 30, 2017 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2017 (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, 2017 FY 2017-18 October 20, 2004 $ 212,583 $ 5,466 January 30, 2007 17,445,000 8,015,000 April 28, 2008 129,794 2,880 December 10, 2008 4,675,000 2,280,000 July 28, 2010 26,930,000 2,975,000 February 12, 2013 82,760,000 5,770,000 September 19, 2013 1,125,981' 22,400 February 18, 2016 235,765,000 5,505,000 *June 28, 2017 44,800,000 - *December 1, 2016 15,000,000 - Total County General Obligation Bonds $ 428,843,358 $ 24,575,746 *Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2017-18 HI Cty Cesspool Conversion $ 4,238,651 $ 436,794 Queen Liliuokalani LCC Repl 6,508,120 485,832 Honokaa LCC Repi 2,689,276 179,284 Kalanianaole AISR-Phase II 5,296,111 318,718 Kealakehe WTPAUSRP 12,619,827 686,465 North Kona Sewer and Effluent Reuse 923,908 - Kealakehe VVTP R-1 Upgrade 349,386 - $ 32,625,279 $ 2,107,093 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2017 (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 129,793 July 28, 2010 6,732,500 February 18, 2016 19,851,250 29,861,558 Less Amount Already Excluded in item 2a (2,389,447) $ 27,472,111 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 (76,788) 994,665 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,125,982 Less Amount Already Excluded in item 2a (22,400) 1,103,582 Total Reimbursable by Improvement Districts $ 2,098,247 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 272,902 *Hawai`i Housing Finance And Development Corporation