Ka Wai Ola - Office of Hawaiian Affairs, Volume 18, Number 3, 1 Malaki 2001 — OHA FINANCIAL REPORT [ARTICLE]

OHA FINANCIAL REPORT

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ASSETS, LIABILITIES AND FUND EQUITY ASSETS FUNDS ACCOUNT GROUPS Cash in State Treasury $ 10,338,719 Cash in outside accounts 17,616,578 Accounts/other receivables 1,680,502 Notes receivable, net of allowanee for doubtful 13,246,258 accounts of $4,483,264 Interest/dividends receivable 1,874,951 Interfund receivable 222,799 Prepaid expenses and security deposits 514,518 Investments 349,621,421 Land/building $1,129,242 Leasehold improvements 538,405 Machinery, equipment, fumiture, fixtures 1,565,396 Provided for payment of: • Vacation benefits/comp time off 605,768 • Estimated claims and judgments 482,694 • Operating lease rents/capital lease 61,780 TOTAL ASSETS $395,115,746 $4,383,285 LIABILITIES AND FUND EQUITY Liabilities: Due to state $ 110,000 Accounts/other payables 1,684,697 Inter-fund payable 222,799 $605,768 Vacation benefits/comp. time off 1 1,838 Operating lease rents 482,694 Estimated claims and judgments 49,942 Capital lease obligation TOTAL LIABILITIES $ 2,017,496 $1,150,242 Fund Equity: lnvestments in fixed assets Fund halanee $3,233,043 • Reserved $ 17,735,490 • Designated 40,679,118 • Undesignated 334,683,642 Total Fund Equity $393,098,250 $3,233,043 TOTAL LIABILITIES AND FUND EQUITY $395,115,746 $4,383,285

REVENUES, EXPENDITURES, CHANGES IN FUND BALANCES REVENUES State general fund appropriations $ 2,519,663 Public land trust 1,648,174 Dividend and interest ineome 3,805,244 Native Hawaiian Rights Fund 22,085 Federal and other grants 41 ,834 Newspaper ads, donations, other revenues 1,978 Non-imposed fringe benefits 29,998 TOTAL REVENUES $ 8,068,977 EXPENDITURES Current programs: • Board of Trustees $ 357,757 • Administration 1,279,629 • Program Systems 1,869,848 • Hawaiian Rights 455,577 TOTAL EXPENDITURES $ 3,962,811 EXCESS (deficiency) of revenues over expenditures $ 4,106,166 OTHER FINANCING SOURCES (USES) Realized gain on sale of investments $ 2,266,210 Net increase (decrease) in unrealized gain (loss) on investments held (3,479,131) Lapse of cash to State General Fund (63,394) Operating inter-fund transfers in 249,567 Operating inter-fund transfers out (249,567) TOTAL OTHER FINANCING SOURCES (USES) $ (1,276,315) EXCESS (deficiency) of revenues and other financing sources over expenditures and other Financing uses $ 2,829,851 FUND BALANCE, BEGINNING OF PERIOD $390,268,398 FUND BALANCE, ENP OF PERIOD $393,098,249

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