The URL can be used to link to this page

Home My WebLink AboutCOM 0377.000 1998-2000 Ott OF Stephen K. Yamashiro \~4/0~; L-v L! v' r._ ~ J Harry A. Takahashi Mayor f; ;f Director 1. ~ ' 99 JUL 9 Pfd 3 55 S. K. Schutte ~TF Op N~~ Depufy COUIV~; t;~_'_r'.Yv ~DLll~rp Of ~A~1l~II ~OUivTI' Or HAW,411 DEPARTMENT OF FINANCE 25 Aupuni Sheet, Room 118 Hilo, Hawaii 96720-4252 (808)961-8239 Fax (808)961-8248 July 09, 1999 The Honorable James Y. Arakaki, Chairman and Members of the Council County of Hawaii 25 Aupuni Street Hilo, Hawaii 96720 Dear Chairman Arakaki: Pursuant to Chapter 47C, Hawaii Revised Statutes, I enclose for filing the tabular summarv of bonded indebtedness of the County of Hawaii as of Julv 1, 1999. Concurrences by the Chairman of the Finance Committee and the Corporation Counsel are attached. Very truly yours, k~ ~ Harry A. Taka ashi Director of Finance Encls. Comm. No. C`~~ File No.,~.~L=~ Ref. Ta. 0 ~ JUL 9 Ref. Date_.._-~--- J~tY OF•„,41 O: Stephen K. Yamashiro - \~bl~~ . r-. _ Harr A. Takahashi Mayor f~ •;t ~~-~i `r1li ~ Y Director ar:p,, f..o•:•~- FO9 JUL 7 P 10 38 S. KD~Su butte ~TF •OF NFL ~ I CQ!,IP!','. ~ ~ountp of ~a~bott~u,~r~r cF ~i=~~w~rr DEPARTMENT OF FINANCE 25 Aupuni S[reet, Room 118 Hilo, Hawaii 96720-4252 (808)961-8234 • Fax (808)961-8248 July O1, 1999 Mr. Aaron S.Y. Chung Chairman, Finance Committee County Council County of Hawaii 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 July 1, 1999. The attached tabular summary requires concurrences 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 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 must 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. i Harry Tal ahashi Direct r of finance Encl. ~do not concur with the tabular summary of the net funded debt of the County of Hawaii as of July 1, 1999. R/easons for non-concurrence, if any: _ Chairman, Finance Committee County Council, Co my of Hawaii Date: VV OF„ JP,..•....,1h1 O: Stephen K. Yamashiro - \~6lup: Harry A. Takahashi Mayor ~f Director ar 'S• • ye•,,,~ S. K. Schutte alt. •~F NPJ~ Deputy ~ourrtp of ~abuaii DEPARTMENT OF FINANCE 25 Aupuni Stree[, Room 118 Hilo, Hawaii 96720-9252 (808)961-8234 Fax (808)961-8248 July O1, 1999 Mr. Richard wurdeman Corporation Counsel County of Hawaii 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 July 1, 1999. The attached tabular summary requires concurrences 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 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 must 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. ~~f ~ ~i ~ Harry A. Takahashi Directbk of Finance Encl. I conc /do not concur with the tabular summary of the net funded ebt of the y of Hawaii as of July 1, 1999. Reasons or -concurrence, if any: Co ion Counsel County of Hawaii Date: ~ COUNTY OF HAWAII Statement of Funded Debt July 1, 1999 1. Total Principal Amount of County Bonds Outstanding and Unpaid: a. County General Obligation Bonds $155,557,350 (Schedule A) b. Special Assessment Bonds 11,800,000 (Schedule B) c. Other Indebtedness 1,146,411 (Schedule C) d. State Revolving Fund Loans 28,874,026 (Schedule D) Grand Total of Bonds Outstanding and Unpaid $197,377,787 2. Exclusions from Grand Total: a. General Obligation Bonds maturing $ 7,530,400 in current fiscal year (Schedule A) b. General Obligation Bonds for 29,170,000 which full payment in moneys or securities have been irrevocably set aside (Schedule A) c. Special Assessment Bonds 11,800,000 (Schedule B) d. State Revolving Fund principal 1,561,899 maturing in current fiscal year (Schedule D) e. General Obligation Bonds 11,395,950 Reimbursable by the County Department of Water Supply (Schedule E) f. Pro Rata Share of 1978 6,286,334 Refunding Bonds for which funds are deposited in Invested Sinking Fund (Schedule F) Total Exclusions $ 67,744,583 Net Funded Debt of the County of Hawaii 129 633 204 at July 1, 1999 SUPPORTING SCHEDULES Statement of Funded Debt as of July 1, 1999 (Based on Records in Finance Department) Schedule A County General Obligation Bonds: Principal Amount General Obligation Outstanding Honds Maturing in July 1, 1999 Current FY a. Advance-refunded bonds for which full payment irrevocably set aside: June 1, 1989 7,375,000 7,375,000 June 1, 1990 21,795,000 21,795,000 Sub-Total $29 170 000 $29,170,000 b. Other General Obligation Bonds: June 15, 1977 293,000 17,000 May 15, 1978 18,355,000 1,830,000 June 1, 1981 523,000 20,000 December 1, 1989 4,600,000 900,000 May 1, 1993 68,720,000 3,960,000 February 1, 1996 28,925,000 1,130,000 March 12, 1996 709,000 28,500 February 25, 1997 3,749,500 135,000 June 4, 1998 512,850 9,900 Sub-Total $126,387,350 $7,530,400 Total County General Obligation Bonds $155 557,350 36.700,400 Schedule B Special Assessment Bonds: Principal Amount Outstanding 8/01/91 Kaloko Subdivision (17) 11.800.000 Schedule C Other Indebtedness: Principal Amount Outstanding Kulaimano Elderly Housing Project Mortgage (FmHA) 1.146.411 Schedule D State Revolving Fund Loans: Principal Amount Principal Maturing Outstanding In Current FY Hilo WWTP Phase II $ 9,657,038 $ 584,604 Waiakea Houselot Sewer 350,021 21,189 Waiakea Mill Pond Sewer 1,040,700 58,036 Kealakehe Effluent Disposal 1,038,805 57,930 Alii Drive Interceptor A & B 2,390,614 130,590 Ainako Interceptor A & B 1,825,178 101,512 Alii Drive Interceptor C & D 3,294,741 169,616 Kalanianaole Collector Sewer 1,339,819 63,793 Waiaha Bay SPS 2,022,735 146,676 Alii Drive Interceptor E & F 1,723,504 79,138 Holualoa Sewage Pump Station 2,806,712 123,815 Paukaa Community Collectior 384,159 25,000 $ 28.874.026 1.561.899 Schedule E General Obligation Bonds Reimbursable by the County Department of Water Supply: June 1, 1981 $ 523,000 December 1, 1989 (Refunding) 2,800,000 May 1, 1993 8,465,000 June 4, 1998 512,850 $12,300,850 Less Amount Already Excluded - 904,900 11.395,950 Schedule F Pro Rata Share of 1978 Refunding Bonds for which funds are deposited in Invested Sinking Fund: Principal Amount of Securities held in Sinking Fund $ 8,702,013 Pro Rata Basis (Principal Outstanding of $18,355,000/Principal Outstanding plus Interest to Maturity of $5,719,165.00 72.24% Amount excluded $ 6,286,334