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Home My WebLink AboutCOM 0181.000 2018-2020 Harry Kim *<.1gF,,;;Y, Deanna S. Sako Mayor`, % Director R'k"1;. *1. -00....A; Steven A. Hunt •.• ''oF'e,,'� Deputy Director • County of Hawai`i DEPARTMENT OF FINANCE • 25 Aupuni Street, Suite 2103• Hilo, Hawaii 96720 (808)961-8234 • (808)961-8569(FAX) C) CD, N March 12, 2019 , rfl The Honorable Aaron Chung, Chairman And Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Chung: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summary of bonded indebtedness of the County of Hawaii as of February 19, 2019. 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. V I • Ref.To: PC/ Ref. Dote MAR 13 2 1 County of Hawaii is an Equal Opportunity Provider and Employer. Harry Kim ............ Deanna S. Sako Mayor �0 Director • County of Hawai`i DEPARTMENT OF FINANCE ° 25 Aupuni Street, Room 2103 • Hilo, Hawaii 96720 (808)961-8234• (808)961-8569(FAX) February 28, 2019 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 February 19, 2019. 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. cTconcur)do not concur with the tabular summary of the net funded debt of the County of Hawaii as of February 19, 2019. Reasons for non-concurrence: LIP� err Date: C3 "/•,-- f Chairwoman, finance Committee County Council, County of Hawaii County of Hawaii is an Equal Opportunity Provider and Employer. Harry Kim o��4'a''• Deanna S. Sako ••• . Director Mayor �'•�=, •�IJ;�� • County of Hawai`i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8234 • (808)961-8569(FAX) February 28, 2019 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 February 19, 2019. 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. Ido not concur with the tabular summary of the net funded debt of the County of C Hawaii as of February 19, 2019. Reasons for non-concurrence: Date: SI c-(e Corpora .--counsel County of Hawai'i County of Hawaii is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt February 19, 2019 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 441,013,883 (Schedule A) b. State Revolving Fund Loans $ 33,973,012 (Schedule B) c Other Indebtedness (Schedule E) $ 184,001 Grand Total of Debt Outstanding & Unpaid $ 475,170,896 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 3,097,999 in fiscal year 2018-19 (Schedule A) b. State Revolving Fund principal maturing $ 691,914 in fiscal year 2018-19 (Schedule B) c. General Obligation Bonds $ 24,769,159 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 $ 30,553,939 Net Funded Debt of the County of Hawai'i $ 444,616,957 February 19, 2019 • SUPPORTING SCHEDULES Statement of Funded Debt as of February 19, 2019 (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 February 19, 2019 FY 2018-19 October 20, 2004 $ 201,405 - January 30, 2007 3,595,000 - April 28, 2008 126,914 2,999 July 28, 2010 23,955,000 3,095,000 February 12, 2013 28,540,000, - September 19, 2013 1,080,564 - February 18, 2016 221,090,000 - July 6, 2017 132,425,000 - * February 19, 2019 30,000,000 - Total County General Obligation Bonds $ 441,013,883 $ 3,097,999 * Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2018-19 HI Cty Cesspool Conversion $ 3,582,715 $ 219,840 Queen Liliuokalani LCC Repl 5,534,023 - Honokaa LCC Repl 2,329,811 - Kalanianaole AISR-Phase II 5,142,509 - Kealakehe WTPAUSRP 14,561,347 432,572 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 - $ 33,973,012 $ 691,914 SUPPORTING SCHEDULES Statement of Funded Debt as of February 19, 2019 (Based on Records in Finance Department) Schedule C General Obligation Bonds Reimbursable by the County Department of Water Supply: Jan. 30, 2007 1,250,341 April 28, 2008 126,914 July 28, 2010 5,988,750 February 18, 2016 17,611,250 July 6, 2017 568,653 25,545,908. Less Amount Already Excluded in item 2a (776,749) $ 24,769,159 Schedule D Principal Amount Outstanding General Obligation Bonds Reimbursable by ID#18 Kona Coastview & Wonderview Subdivision lot owners. 914,303 Less Amount Already Excluded in item 2a - 914,303 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,080,564 Less Amount Already Excluded in item 2a - 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 $ 184,001 *Hawai'i Housing Finance And Development Corporation