Ka Wai Ola - Office of Hawaiian Affairs, Volume 17, Number 4, 1 ʻApelila 2000 — Page 17 Advertisements Column 1 [ADVERTISEMENT]

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Fiscal Year to Date Feb. 29, 2000

ASSETS, LIABILITIES AND FUND EQUITY FUNDS ACCOUNT GROUPS ASSETS General funds in State $ 2,006,617 accounts Cash in State treasury/ 47,901,246 outside accounts Accounts/other receivables 2,444 Note receivable, net of 10,762,654 allowanee for doubtful accounts of $3,891,363 Interest/dividends receivable 2,174,964 Inter-fund receivable 174,378 Prepaid expenses and 505,062 security deposits Investments 333,598,516 Land/building $1,142,275 Leasehold improvements 538,405 Machinery. equipment, 2,176,592 furniture, fixtures Provided for payment of: Vacation benefits and 633,756 compensatory time Operating lease 87,647 rents/capital Iease Estimated claims and 442,764 judgments Total Assets $397.125,881 $5,021,439 UABIUTIES Accounts/other payables 2,070,870 Inter-fund payable 174,378 Vacation benefits and eom- 633,756 pensatory time Operating lease rents 29,985 Estimated claims and 442,764 judgments Capital lease obligation 57.662 Total Liabīlities $ 2.245,248 $1,164.167 FUND EQUITY lnvestments in fixed assets 3,857,272 Fund balance Reserved 15,909.988 Designated 49,188,197 Unreserved/undesignated 329,782,448 Total Fund Equity $394,880,633 $3,857,272 TOTAL LIABILITIES AND $397,125,881 $5,021,439 FUND EQUITY Editor's note: Begiming with ourMarch issue, Ka Wai Ola has published the OHA Financial Report according to the new format followed by the Administrative Services Office ofthe Office of Hawaiian Affairs. ASO now breaks OHA'sjinancial picture into two reports. The report printed above summarizes OHA 's assets, liabilities and fund equity. The report on the right summarizes OHA 's revenues, expenditures and changes infu>td balances. This newformat gives a eomprehensive representation of OHA's finances. Ka Wai Ola will be revising its layout tofacilitate oplimum comprehension. ■

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES REVENUES State general fund appropriations $ 2,550,922 Public land trust $3,557,357 Dividend and interest ineome $7.970.192 Native Hawaiian Rights Fund $30,145 Federal and other grants $262,281 Newspaper ads, donations, other revenues $60,151 Non-imposed fringe benefits $94,735 Total revenues $14,525,783 EXPENDITURES Current programs: Board of Trustees $2,610,387 Administration $ 2,740,994 Program Systems $3,328,421 Hawaiian Rights $1,533,923 Capital Outlay $330,775 Total expenditures $10,544,500 EXCESS (DEFICIENCY) OF REVENUES OVER EXPENDITURES $3,981,283 OTHER FINANCING SOURCES (USES) Realized gain on sale of investments $20,700,957 Net increase (decreased) in unrealized gain (loss) on investments held $12,822,254 Lapse of cash to State General Fund ($6,556) Operating inter-fund transfers in $5,620,111 Operating interfund transfers out ($5,620,111) Total other financing sources (uses) $33,516,655 EXCESS (DEFICIENCY) OF REVENUES AND OTHER FINANCING SOURCES OVER EXPENDITURES AND OTHER FINANCING USES $37,497,938 FUND BALANCE, BEGINNING OF PERIOD $357,382,695 FUND BALANCE, END OF PERIOD $394,880,633 Note: Prior year appropriation expenditures have been grouped into current office restructure. The above figures are for the eight months from July 1, 1999 through Feb. 29, 2000. ■