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Home My WebLink AboutCOM 0392.000 2018-2020 Harry Kim ��.. ....�+� Deanna S. Sako Mayor �'��l '�, Director yLf�' Steven A. Hunt Deputy Director 1tF oF•N,.d . County of Hawaii DEPARTMENT OF FINANCE > 25 Aupuni Street, Suite 2103 • Hilo, Hawaii 96720 (808)961-8234 (808)961-8569(FAX) CD July 29, 2019 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 June 30, 2019. Concurrence by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, % P Deanna S. Sako Director of Finance Encls. Comm. No. Ref. To: Ref. nate JUL 3 0 2019 County of Hawai'i is an Equal Opportunity Provider and Employer. Harry Kim Deanna S. Sako Mayor Director Steven A. Hunt Deputy Director County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Room 2103 * Hilo, Hawai'i 96720 (808)961-8234• (808)961-8569(FAX) July 17, 2019 Councilmember Maile David Chair, Committee on Finance Hawai'i County Council 25 Aupuni Street Hilo, Hawai'i 96720 Pursuant to the provisions of Chapter 47C, Hawai'i Revised Statutes, I submit for your review and concurrence a tabular summary (with supporting schedules) of the net funded debt of the County of Hawai'i as of June 30, 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. JWL rp' Deanna S. Sako Director of Finance Encl. Kjcone /do not concur with the tabular summary of the net funded debt of the County of Hawai'i as of June 30, 2019. Reasons for non-concurrence: Date: Chairwoman, Finance Committee County Council, County of Hawai'i County of Hawai'i is an Equal Opportunity Provider and Employer. Harry Kim M�v,ur N Deanna S. Sako Mayor '�� Director Steven A. Hunt Deputy Director County of Hawai'i DEPARTMENT OF FINANCE 25 Aupuni Street, Suite 2103 • Hilo, Hawai'i 96720 (808)961-8234 (808)961-8569(FAX) July 17, 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 June 30, 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. I ncur do not concur with the tabular summary of the net funded debt of the County of Hawai i as of June 30, 2019. Reasons for non-concurrence: Date: I L Corpor C e Count awai'i County of Hawai'i is an Equal Opportunity Provider and Employer. COUNTY OF HAWAII Statement of Funded Debt June 30, 2019 1. Total Principal Amount of County Debt Outstanding and Unpaid: a. County General Obligation Bonds $ 437,714,479 (Schedule A) b. State Revolving Fund Loans $ 39,693,594 (Schedule B) c Other Indebtedness (Schedule E) $ 167,903 Grand Total of Debt Outstanding & Unpaid $ 477,575,976 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 55,836,772 in fiscal year 2019-20 (Schedule A) b. State Revolving Fund principal maturing $ 2,499,904 in fiscal year 2019-20 (Schedule B) C. General Obligation Bonds $ 22,198,633 Reimbursable by the County Department of Water Supply (Schedule C) d. General Obligation Bonds $ 1,887,116 Reimbursable by ID#18 & ID#19 property owners (Schedule D) Total Exclusions $ 82,422,425 Net Funded Debt of the County of Hawaii $ 395,153,551 June 30, 2019 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 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 June 30, 2019 FY 2019-20 January 30, 2007 3,595,000 - April 28, 2008 123,915 3,123 July 28, 2010 20,860,000 3,245,000 February 12, 2013 28,540,000 6,340,000 September 19, 2013 1,080,564 23,649 February 18, 2016 221,090,000 11,770,000 July 6, 2017 132,425,000 4,455,000 * February 19, 2019 30,000,000 30,000,000 Total County General Obligation Bonds $ 437,714,479 $ 55,836,772 * Notes Payable Schedule B Principal Maturing Principal Amount for the remainder of State Revolving Fund Loans: Outstanding FY 2019-20 4` HI Cty Cesspool Conversion $ 3,362,875 $ 441,144 Queen Liliuokalani LCC Repl 5,534,023 490,712 Honokaa LCC Repl 2,329,811 181,085 Kalanianaole AISR-Phase II 5,142,509 355,561 Kealakehe WTPAUSRP 14,128,775 866,599 North Kona Sewer and Effluent Reuse 1,616,102 79,449 Kealakehe WTP R-1 Upgrade 1,833,484 85,354 South Hilo Sanitary Landfill Final Closure 448,092 - Kealakehe Scrap Metal Yard Remediation 5,297,923 - $ 39,693,594 $ 2,499,904 SUPPORTING SCHEDULES Statement of Funded Debt as of June 30, 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 123,915 July 28, 2010 5,215,000 February 18, 2016 17,611,250 July 6, 2017 568,653 24,769,159 Less Amount Already Excluded in item 2a (2,570,526) $ 22,198,633 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 (84,102) 830,201 Public Improvement Bonds Reimbursable by ID#19 Kona Ocean View Properties Subdivision lot owners. 1,080,564 Less Amount Already Excluded in item 2a (23,649) 1,056,915 Total Reimbursable by Improvement Districts $ 1,887,116 Principal Amount Schedule E Outstanding Other Indebtedness Office of Housing & Community Development Ouli Ekahi Housing Project (OEHP) *HHFDC Loan $ 167,903 *Hawai'i Housing Finance And Development Corporation