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Home My WebLink AboutCOM 0994.000 2016-2018 Harry Kim 011„.x...14.• Deanna S. Sako Mayorce'.;`"_ \,1,17;�.•-• Director ;':}'. Nancy E. Crawford �� Deputy Director _►s+r Oi•4rrd►•'� tE os�M��:. County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) N., C7n July 19, 2018 c The Honorable Valarie T. Poindexter, Chairwoman rn And Members of the Council -9 County of Hawaii cn. _� 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 Hawaii as of June 30, 2018. 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. .-! -1 Ref. To: FL Ref. Date JUL 2 3-. VHS County of Hawaii is an Equal Opportunity Provider and Employer. Harry Kiml OF.y,j . Deanna S. Sako Mayor c°' `Vr Director ;+,M-11%;,* Nancy E. Crawford Deputy Director 7rE County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808) 961-8234 • (808)961-8569 (FAX) July 17, 2018 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, 2018. 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. -�..---- p Deanna S. Sako Director of Finance Encl. l‘ncur with the tabular summary of the net funded debt of the County of Hawai i as of June 30, 2018. Reasons for non-concurrence: Date: -70-7// Corpora:.-counsel County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Harry Kim .�N`Y qF H:w Deanna S. Sako Mayor ..°'�1t ''t Director , ..�`�' `� Nancy E. Crawford Deputy Director County of Hawaii DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808) 961-8234• (808) 961-8569 (FAX) July 17, 2018 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, 2018. 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. 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 June 30, 2018. Reasons for non-concurrence: jdffil 400 Date: 7// /2O/ t Chairwoman, Finance Committee County Council, County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June 30, 2018 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 435,447,612 (Schedule A) b. State Revolving Fund Loans $ 35,647,870 (Schedule B) c Other Indebtedness (Schedule E) $ 214,509 Grand Total of Debt Outstanding & Unpaid $ 471,309,991 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 27,531,728 in fiscal year 2018-19 (Schedule A) b. State Revolving Fund principal maturing $ 2,366,770 in fiscal year 2018-19 (Schedule B) c. General Obligation Bonds $ 24,970,564 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 1,994,867 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 56,863,929 Net Funded Debt of the County of Hawai'i $ 414,446,062 June 30, 2018 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2018 (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, 2018 FY 2018-19 October 20, 2004 $ 207,117 $ 5,712 January 30, 2007 3,595,000 - April 28, 2008 126,914 2,999 December 10, 2008 2,395,000 2,395,000 July 28, 2010 23,955,000 3,095,000 February 12, 2013 34,595,000 6,055,000 September 19, 2013 1,103,581 23,017 February 18, 2016 230,260,000 9,170,000 July 6, 2017 139,210,000 6,785,000 Total County General Obligation Bonds $ 435,447,612 $ 27,531,728 Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2018-19 HI Cty Cesspool Conversion $ 3,801,856 $ 438,981 Queen Liliuokalani LCC Repl 6,022,288 488,264 Honokaa LCC Repl 2,509,993 180,181 Kalanianaole AISR-Phase II 5,496,764 354,255 Kealakehe VVTPAUSRP 14,994,362 865,587 North Kona Sewer and Effluent Reuse 1,655,604 39,502 Kealakehe WTP R-1 Upgrade 718,911 - South Hilo Sanitary Landfill Final Closure 448,092 - $ 35,647,870 $ 2,366,770 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 2018 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Oct 20, 2004 $ 207,117 Jan. 30, 2007 1,250,341 April 28, 2008 126,914 July 28, 2010 5,988,750 February 18, 2016 18,751,250 July 6, 2017 1,111,221 27,435,593 Less Amount Already Excluded in item 2a (2,465,029) $ 24,970,564 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. $ 994,665 Less Amount Already Excluded in item 2a (80,362) 914,303 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,103,581 Less Amount Already Excluded in item 2a (23,017) 1,080,564 Total Reimbursable by Improvement Districts $ 1,994,867 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 214,509 *Hawai'i Housing Finance And Development Corporation